Here's Why FTI Consulting (FCN) is a Strong Growth Stock
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FTI Consulting (FCN) Declines 4% Despite Q2 Earnings Beat
FTI Consulting's (FCN) top line benefits from strong segmental performance in the second quarter of 2024.
Here's Why FTI Consulting (FCN) is a Strong Momentum Stock
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3 Reasons Why Growth Investors Shouldn't Overlook FTI Consulting (FCN)
FTI Consulting (FCN) possesses solid growth attributes, which could help it handily outperform the market.
Why FTI Consulting (FCN) is a Top Growth Stock for the Long-Term
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FTI Consulting (FCN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for FTI Consulting (FCN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
FTI Consulting (FCN) Surpasses Q2 Earnings and Revenue Estimates
FTI Consulting (FCN) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $1.96 per share. This compares to earnings of $1.75 per share a year ago.
Reasons to Hold FTI Consulting (FCN) Stock in Your Portfolio
FTI Consulting's (FCN) international operations help expand its geographic footprint and contribute to top-line growth.
FTI Consulting (FCN) Benefits From International Operations
FTI Consulting (FCN) benefits from the rising product demand, geographic expansion driven by international operations and high liquidity.
Vanguard Personalized Indexing Management LLC Increases Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)
Vanguard Personalized Indexing Management LLC grew its holdings in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,213 shares of the business services provider’s stock after acquiring an additional 737 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in FTI Consulting were worth $1,038,000 at the end of the most recent reporting period. Several other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in FTI Consulting by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 130,473 shares of the business services provider’s stock worth $25,984,000 after purchasing an additional 4,668 shares during the last quarter. Teacher Retirement System of Texas grew its stake in FTI Consulting by 142.7% during the 4th quarter. Teacher Retirement System of Texas now owns 6,370 shares of the business services provider’s stock valued at $1,269,000 after purchasing an additional 3,745 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FTI Consulting by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 415,928 shares of the business services provider’s stock valued at $82,832,000 after purchasing an additional 17,796 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of FTI Consulting in the fourth quarter valued at about $910,000. Finally, Amalgamated Bank lifted its holdings in shares of FTI Consulting by 0.3% during the fourth quarter. Amalgamated Bank now owns 23,746 shares of the business services provider’s stock worth $4,729,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock. Insider Buying and Selling at FTI Consulting In other FTI Consulting news, Director Brenda J. Bacon bought 1,120 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the transaction, the director now directly owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other FTI Consulting news, insider Paul Alderman Linton sold 27,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Brenda J. Bacon bought 1,120 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the transaction, the director now owns 15,292 shares of the company’s stock, valued at $3,409,504.32. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 86,326 shares of company stock valued at $18,449,373. Company insiders own 2.51% of the company’s stock. FTI Consulting Trading Up 0.6 % FTI Consulting stock opened at $223.10 on Monday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.10. The firm has a market cap of $7.96 billion, a PE ratio of 25.94 and a beta of 0.10. The stock’s 50 day simple moving average is $211.21 and its two-hundred day simple moving average is $207.98. FTI Consulting, Inc. has a 12 month low of $171.81 and a 12 month high of $232.15. FTI Consulting (NYSE:FCN – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.47. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. The business had revenue of $928.60 million during the quarter, compared to the consensus estimate of $901.77 million. During the same quarter in the prior year, the firm posted $1.34 earnings per share. The company’s revenue was up 15.1% compared to the same quarter last year. Analysts anticipate that FTI Consulting, Inc. will post 8.22 earnings per share for the current year. Wall Street Analysts Forecast Growth Several brokerages recently weighed in on FCN. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a report on Friday, April 26th. Finally, Truist Financial lifted 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. View Our Latest Stock Analysis on FTI Consulting FTI Consulting Company Profile (Free Report) 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.
