FTI Consulting (NYSE:FCN) released its quarterly earnings results on Tuesday, February 26th. The business services provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.28, MarketWatch Earnings reports. FTI Consulting had a return on equity of 11.91% and a net margin of 9.73%. The company had revenue of $504.99 million during the quarter, compared to analysts’ expectations of $468.89 million. During the same period in the previous year, the firm posted $0.78 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. FTI Consulting updated its FY 2019 guidance to $3.50-4.00 EPS and its FY19 guidance to $3.50-4.00 EPS.
Shares of NYSE FCN opened at $73.81 on Thursday. FTI Consulting has a 52-week low of $46.66 and a 52-week high of $81.91. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 18.45 and a beta of 0.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.64 and a current ratio of 1.64.
Several brokerages have recently weighed in on FCN. ValuEngine raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Zacks Investment Research raised FTI Consulting from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Friday, January 18th.
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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