FTI Consulting, Inc. (NYSE:FCN – Get Rating) Director Vernon James Ellis sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $187.77, for a total value of $375,540.00. Following the sale, the director now directly owns 26,927 shares in the company, valued at approximately $5,056,082.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
FTI Consulting Stock Performance
FCN opened at $183.71 on Wednesday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 27.96 and a beta of 0.27. FTI Consulting, Inc. has a 12-month low of $140.09 and a 12-month high of $190.43. The business has a 50 day moving average of $161.96 and a 200-day moving average of $164.28.
FTI Consulting (NYSE:FCN – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The business services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.33 by $0.19. The firm had revenue of $774.43 million for the quarter, compared to the consensus estimate of $738.82 million. FTI Consulting had a net margin of 7.78% and a return on equity of 14.73%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 earnings per share. On average, equities research analysts expect that FTI Consulting, Inc. will post 7.39 earnings per share for the current year.
Analyst Upgrades and Downgrades
Hedge Funds Weigh In On FTI Consulting
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of FTI Consulting by 270.4% in the first quarter. Bank of Montreal Can now owns 13,865 shares of the business services provider’s stock valued at $2,195,000 after acquiring an additional 10,122 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of FTI Consulting by 33.4% in the first quarter. MetLife Investment Management LLC now owns 22,159 shares of the business services provider’s stock valued at $3,484,000 after buying an additional 5,542 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of FTI Consulting by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,566 shares of the business services provider’s stock valued at $1,976,000 after buying an additional 1,198 shares during the period. Great West Life Assurance Co. Can grew its position in FTI Consulting by 8.3% during the first quarter. Great West Life Assurance Co. Can now owns 19,575 shares of the business services provider’s stock worth $3,168,000 after buying an additional 1,505 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in FTI Consulting by 1.6% during the 1st quarter. Yousif Capital Management LLC now owns 19,080 shares of the business services provider’s stock worth $3,000,000 after acquiring an additional 308 shares during the period.
About FTI Consulting
FTI Consulting, Inc engages in the provision of financial, legal, operational, political and regulatory, reputational and transactional advisory services. It operates through the following segments: Corporate Finance and Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.
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