Q3 2024 Earnings Forecast for FTI Consulting, Inc. Issued By William Blair (NYSE:FCN)

FTI Consulting, Inc. (NYSE:FCN) – Analysts at William Blair reduced their Q3 2024 EPS estimates for shares of FTI Consulting in a research note issued to investors on Friday, April 26th. William Blair analyst A. Nicholas now expects that the business services provider will earn $2.13 per share for the quarter, down from their previous forecast of $2.38. William Blair has a “Outperform” rating on the stock. The consensus estimate for FTI Consulting’s current full-year earnings is $8.15 per share. William Blair also issued estimates for FTI Consulting’s Q2 2025 earnings at $2.26 EPS, Q4 2025 earnings at $2.33 EPS and FY2025 earnings at $9.30 EPS.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.47. The company had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $901.77 million. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday. Truist Financial boosted their price objective on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 23rd.

FTI Consulting Stock Up 1.0 %

FTI Consulting stock opened at $213.53 on Monday. The firm has a 50 day moving average price of $207.58 and a two-hundred day moving average price of $205.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.46 and a current ratio of 2.46. FTI Consulting has a 52-week low of $171.81 and a 52-week high of $232.15. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 24.83 and a beta of 0.11.

Hedge Funds Weigh In On FTI Consulting

Hedge funds have recently added to or reduced their stakes in the stock. Arlington Trust Co LLC bought a new position in shares of FTI Consulting in the third quarter valued at approximately $28,000. Fifth Third Bancorp boosted its holdings in FTI Consulting by 37.1% during the 3rd quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock worth $39,000 after acquiring an additional 59 shares during the last quarter. Tompkins Financial Corp bought a new stake in shares of FTI Consulting in the 4th quarter worth $40,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of FTI Consulting by 494.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 183 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in FTI Consulting by 30.1% during the fourth quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

Insider Buying and Selling at FTI Consulting

In other news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following the completion of the sale, the insider now directly owns 44,284 shares in the company, valued at approximately $9,126,932.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total value of $5,564,700.00. Following the completion of the sale, the insider now owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Brenda J. Bacon acquired 1,120 shares of the stock in a transaction on Friday, February 23rd. The shares were acquired at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the acquisition, the director now owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 36,715 shares of company stock valued at $7,617,513. Corporate insiders own 2.51% of the company’s stock.

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.