Equity research analysts expect FTI Consulting, Inc. (NYSE:FCN) to report earnings per share of $1.03 for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for FTI Consulting, with the lowest EPS estimate being $1.00 and the highest estimate being $1.05. FTI Consulting reported earnings per share of $1.61 in the same quarter last year, which would indicate a negative 36% year-over-year growth rate. The company is expected to release its next quarterly results on Thursday, February 24.

On average, analysts expect FTI Consulting to report annual earnings of $6.66 per share for the current year, with EPS estimates ranging from $6.63 to $6.69. For the next fiscal year, analysts expect the company to post earnings of $7.31 per share, with EPS estimates ranging from $7.17 to $7.45. Zacks EPS averages are an average average based on a survey of research companies that track FTI Consulting.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, October 28. The business services provider reported earnings per share of $2.02 for the quarter, beating the consensus estimate of $1.48 by $0.54. FTI Consulting achieved a net margin of 9.26% and a return on equity of 17.52%. The company posted revenue of $702.23 million in the quarter, compared to $675.03 million expected by analysts. In the same period a year earlier, the company earned earnings per share of $1.54. The company’s quarterly revenue increased 12.9% year over year.

Separately, Truist Financial raised its price target on FTI Consulting shares from $165.00 to $200.00 in a Tuesday, January 11 report.

FCN opened at $144.60 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a leverage ratio of 0.21. The company has a 50-day moving average price of $149.12 and a 200-day moving average price of $143.76. FTI Consulting has a 12-month low of $105.07 and a 12-month high of $157.86. The stock has a market capitalization of $4.96 billion, a price-earnings ratio of 20.25 and a beta of 0.39.

A number of hedge funds and other institutional investors have recently changed their positions in the stock. Mawer Investment Management Ltd. increased its position in FTI Consulting by 46.7% during the third quarter. Mawer Investment Management Ltd. now owns 4,262,538 shares of the business services provider valued at $574,164,000 after purchasing an additional 1,357,778 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in FTI Consulting by 0.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,800,781 shares of the business services provider valued at $519,225,000 after purchasing an additional 15,300 shares during the period. Vanguard Group Inc. increased its position in FTI Consulting by 1.3% during the second quarter. Vanguard Group Inc. now owns 3,106,172 shares of the business services provider valued at $424,334,000 after purchasing an additional 39,684 shares during the period. Black Creek Investment Management Inc. increased its position in FTI Consulting shares by 11.1% in the third quarter. Black Creek Investment Management Inc. now owns 1,366,814 shares of the business services provider worth $184,110,000 after purchasing an additional 137,088 shares during the period. Finally, Capital International Investors increased its position in FTI Consulting shares by 13.2% in the second quarter. Capital International Investors now owns 973,206 shares of the business services provider worth $132,950,000 after purchasing an additional 113,134 shares during the period. Institutional investors hold 98.59% of the company’s shares.

Company Profile FTI Consulting

FTI Consulting, Inc is committed to providing financial, legal, operational, policy and regulatory, reputational and transactional consulting services. It operates through the following segments: Corporate Finance and Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications.

Feature Story: Exchange Traded Funds (ETFs)

Get a Free Copy of Zacks Research Report on FTI Consulting (FCN)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in FTI Consulting right now?

Before you consider FTI Consulting, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and FTI Consulting wasn’t on the list.

Although FTI Consulting currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here