FTI Consulting (NYSE:FCN) Issues FY24 Earnings Guidance

FTI Consulting (NYSE:FCN) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $7.90-$8.35 for the period, compared to the consensus estimate of $8.53. The company issued revenue guidance of $3.70-$3.75 billion, compared to the consensus revenue estimate of $3.76 billion. FTI Consulting also updated its FY 2024 guidance to 7.900-8.350 EPS.

Analyst Ratings Changes

Several equities analysts recently commented on FCN shares. Truist Financial raised their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th.

FTI Consulting Price Performance

NYSE:FCN traded down $27.96 on Thursday, reaching $201.54. The stock had a trading volume of 858,113 shares, compared to its average volume of 171,133. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $7.19 billion, a P/E ratio of 23.43 and a beta of 0.10. FTI Consulting has a 1-year low of $182.67 and a 1-year high of $243.60. The stock has a fifty day moving average price of $224.17 and a 200-day moving average price of $219.29.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The business had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same period in the previous year, the firm earned $2.34 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. Research analysts forecast that FTI Consulting will post 8.48 EPS for the current year.

Insider Activity

In other news, Director Mark S. Bartlett sold 2,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the sale, the director now directly owns 26,099 shares of the company’s stock, valued at $5,927,604.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.51% of the stock is currently owned by corporate insiders.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.