FTI Consulting, Inc. (NYSE:FCN) released its quarterly earnings results on Tuesday. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.05. FTI Consulting had a return on equity of 7.86% and a net margin of 4.90%. The firm earned $441.92 million during the quarter, compared to analysts’ expectations of $431.60 million. During the same period in the prior year, the firm posted $0.24 earnings per share. FTI Consulting’s revenue for the quarter was down .1% compared to the same quarter last year. FTI Consulting updated its FY17 guidance to $2.10-2.40 EPS.
Shares of FTI Consulting (NYSE:FCN) traded up 0.07% during midday trading on Friday, hitting $41.20. 218,591 shares of the stock were exchanged. The company has a market cap of $1.69 billion, a PE ratio of 20.10 and a beta of 0.36. The stock has a 50 day moving average price of $41.05 and a 200-day moving average price of $42.69. FTI Consulting has a 12 month low of $33.95 and a 12 month high of $47.12.
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Several equities analysts have issued reports on FCN shares. Zacks Investment Research raised shares of FTI Consulting from a “sell” rating to a “hold” rating in a report on Wednesday, December 28th. SunTrust Banks, Inc. lowered shares of FTI Consulting from a “buy” rating to a “hold” rating and dropped their price objective for the company from $50.00 to $46.00 in a report on Friday, January 6th. Finally, TheStreet lowered shares of FTI Consulting from a “b” rating to a “c+” rating in a report on Monday, January 9th. Four research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $45.50.
Large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in FTI Consulting by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 68,215 shares of the company’s stock worth $3,075,000 after buying an additional 1,135 shares during the period. Norges Bank acquired a new stake in FTI Consulting during the fourth quarter worth about $41,444,000. Thrivent Financial for Lutherans raised its stake in FTI Consulting by 10.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,250 shares of the company’s stock worth $327,000 after buying an additional 670 shares during the period. AQR Capital Management LLC raised its stake in FTI Consulting by 25.2% in the fourth quarter. AQR Capital Management LLC now owns 191,929 shares of the company’s stock worth $8,652,000 after buying an additional 38,583 shares during the period. Finally, Franklin Resources Inc. raised its stake in FTI Consulting by 39.1% in the fourth quarter. Franklin Resources Inc. now owns 121,300 shares of the company’s stock worth $5,468,000 after buying an additional 34,100 shares during the period. Institutional investors own 92.58% of the company’s stock.
FTI Consulting Company Profile
FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.
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