Insider Selling: FTI Consulting, Inc. (NYSE:FCN) Director Sells 9,989 Shares of Stock
FTI Consulting, Inc. (NYSE:FCN) Director Brenda J. Bacon sold 9,989 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $103.03, for a total transaction of $1,029,166.67. Following the completion of the transaction, the director now directly owns 26,644 shares in the company, valued at $2,745,131.32. The sale was disclosed in a document filed with the SEC, which is available at this link.
FCN stock traded up $0.25 during mid-day trading on Tuesday, reaching $105.03. The company’s stock had a trading volume of 116,335 shares, compared to its average volume of 284,400. The stock has a market cap of $3.85 billion, a PE ratio of 26.26 and a beta of 0.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.20. FTI Consulting, Inc. has a fifty-two week low of $59.06 and a fifty-two week high of $105.81. The company’s 50 day moving average price is $88.74.
FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.78. The company had revenue of $606.12 million during the quarter, compared to the consensus estimate of $528.56 million. FTI Consulting had a net margin of 8.98% and a return on equity of 14.42%. FTI Consulting’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS. On average, research analysts forecast that FTI Consulting, Inc. will post 5.5 earnings per share for the current year.
A number of research analysts recently weighed in on FCN shares. SunTrust Banks set a $120.00 price target on shares of FTI Consulting and gave the company a “buy” rating in a research note on Friday. Sidoti raised their price target on shares of FTI Consulting from $99.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th.
FTI Consulting Company Profile
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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