FTI Consulting (NYSE:FCN) Hits New 12-Month Low – Here’s Why

FTI Consulting, Inc. (NYSE:FCN)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $137.21 and last traded at $137.2710, with a volume of 25419 shares trading hands. The stock had previously closed at $140.74.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, FTI Consulting currently has a consensus rating of “Hold” and an average target price of $174.50.

FTI Consulting Stock Performance

The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 16.39 and a beta of -0.05. The stock’s fifty day simple moving average is $153.85 and its 200-day simple moving average is $160.13.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.01). The company had revenue of $993.46 million for the quarter, compared to analysts’ expectations of $992.75 million. FTI Consulting had a return on equity of 15.91% and a net margin of 6.44%.FTI Consulting’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.13 EPS. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. Analysts predict that FTI Consulting, Inc. will post 9.25 EPS for the current year.

FTI Consulting declared that its board has approved a share repurchase plan on Friday, June 5th that allows the company to repurchase $370.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On FTI Consulting

Several hedge funds and other institutional investors have recently bought and sold shares of FCN. BlackRock Inc. acquired a new position in FTI Consulting in the second quarter valued at $408,202,000. Victory Capital Management Inc. grew its holdings in FTI Consulting by 44.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,634,051 shares of the business services provider’s stock valued at $279,145,000 after buying an additional 503,885 shares during the period. Black Creek Investment Management Inc. increased its stake in shares of FTI Consulting by 60.0% during the 4th quarter. Black Creek Investment Management Inc. now owns 1,072,250 shares of the business services provider’s stock valued at $183,172,000 after acquiring an additional 402,008 shares during the last quarter. Norges Bank acquired a new position in shares of FTI Consulting during the 4th quarter valued at about $61,137,000. Finally, Neumeier Poma Investment Counsel LLC purchased a new position in shares of FTI Consulting during the 2nd quarter worth about $44,699,275. 99.36% of the stock is currently owned by institutional investors and hedge funds.

About FTI Consulting