FTI Consulting (FCN) was Initiated by Deutsche Bank to “Hold” and the brokerage firm has set the Price Target at $44. Deutsche Bank advised their investors in a research report released on Aug 18, 2016.
On the company’s financial health, FTI Consulting reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $460.10 million for the quarter, compared to analysts expectations of $460.80 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
FTI Consulting closed down -0.03 points or -0.07% at $42.73 with 1,62,654 shares getting traded on Wednesday. Post opening the session at $42.74, the shares hit an intraday low of $42.11 and an intraday high of $42.81 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 9, 2016, Gerard E Holthaus (director) sold 8,403 shares at $43.01 per share price. According to the SEC, on Nov 6, 2015, David M /ct Johnson (CFO) purchased 15,000 shares at $36.14 per share price. On May 8, 2015, Heather Klink (Acting General Counsel) sold 1,381 shares at $39.17 per share price, according to the Form-4 filing with the securities and exchange commission.
FTI Consulting Inc. (FTI Consulting) is a global business advisory firm. The Company operates through five segments: Corporate Finance/Restructuring Forensic and Litigation Consulting Economic Consulting Technology and Strategic Communications. The Company assists clients addressing a range of business challenges such as restructuring (including bankruptcy) financing and credit issues and indebtedness interim business management forensic accounting and litigation matters international arbitrations merger and acquisitions (M&A) antitrust and competition matters securities litigation electronic discovery (e-discovery) management and retrieval of electronically stored information (ESI) reputation management and strategic communications. The Company also provides services to help its clients take advantage of economic regulatory financial and other business opportunities.