FTI Consulting (NYSE:FCN) Hits New 12-Month Low Following Weak Earnings

FTI Consulting, Inc. (NYSE:FCN) reached a new 52-week low during mid-day trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $180.86 and last traded at $173.76, with a volume of 27970 shares trading hands. The stock had previously closed at $190.16.

The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

Institutional Trading of FTI Consulting

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new stake in FTI Consulting during the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB bought a new stake in FTI Consulting during the 3rd quarter worth approximately $35,000. GeoWealth Management LLC increased its holdings in FTI Consulting by 46.0% during the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock worth $35,000 after acquiring an additional 57 shares during the period. Quarry LP increased its holdings in FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares during the period. Finally, True Wealth Design LLC bought a new stake in FTI Consulting during the 3rd quarter worth approximately $38,000. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Down 14.4 %

The stock’s fifty day moving average is $192.68 and its two-hundred day moving average is $207.13. The firm has a market cap of $5.85 billion, a P/E ratio of 18.70 and a beta of 0.15.

FTI Consulting Company Profile

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.