FTI Consulting (NYSE:FCN) Updates FY 2020 Pre-Market Earnings Guidance

FTI Consulting (NYSE:FCN) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of 5.50-6.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.45. The company issued revenue guidance of $2.45-2.55 billion, compared to the consensus revenue estimate of $2.41 billion.FTI Consulting also updated its FY20 guidance to $5.50-6.00 EPS.

Several equities analysts have commented on the stock. Sidoti raised shares of FTI Consulting from a neutral rating to a buy rating and lifted their target price for the stock from $152.00 to $171.00 in a research report on Friday, May 1st. William Blair raised shares of FTI Consulting from a market perform rating to an outperform rating in a research report on Monday, April 6th. Finally, Zacks Investment Research cut shares of FTI Consulting from a hold rating to a sell rating and set a $122.00 target price on the stock. in a research report on Monday, June 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $149.33.

NYSE:FCN opened at $119.44 on Friday. The company has a current ratio of 2.18, a quick ratio of 2.36 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.43 billion, a PE ratio of 23.37 and a beta of 0.24. The firm’s 50 day moving average is $110.93 and its 200 day moving average is $118.78. FTI Consulting has a 12 month low of $100.09 and a 12 month high of $144.10.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.28. The company had revenue of $607.85 million for the quarter, compared to analysts’ expectations of $564.02 million. FTI Consulting had a net margin of 8.07% and a return on equity of 13.63%. FTI Consulting’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 EPS. Research analysts predict that FTI Consulting will post 5.61 earnings per share for the current year.

In related news, Director Vernon James Ellis sold 3,000 shares of FTI Consulting stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $120.00, for a total value of $360,000.00. Following the completion of the transaction, the director now directly owns 8,267 shares in the company, valued at approximately $992,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.19% of the stock is currently owned by insiders.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

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Earnings History and Estimates for FTI Consulting (NYSE:FCN)

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