FTI Consulting, Inc. Buyback
OLI recorded this information on 12/2/2022
Company:
FTI Consulting, Inc.
Buyback:
FCN buyback
$Amount Authorized:
$400,000,000
Buyback Details:
FTI Consulting, Inc. (NYSE: FCN) today announced that on December 1, 2022, FTI Consulting's Board of Directors authorized the additional amount of $400.0 million to repurchase its outstanding shares of common stock under its stock repurchase program. As of November 30, 2022, FTI Consulting has repurchased approximately 11.3 million shares of its outstanding common stock pursuant to its stock repurchase program at an average price per share of $70.93 for an aggregate cost of approximately $799.0 million. After giving effect to share repurchases through that date and the increased authorization, FTI Consulting has approximately $501.0 million remaining available for common stock repurchases under its program. No time limit has been established for the completion of FTI Consulting's stock repurchase program, and the program may be suspended, discontinued or replaced by the Board at any time without prior notice.
FTI Consulting is a business advisory firm. Co.'s reportable segments include: Corporate Finance and Restructuring, which focuses on the strategic, operational, financial, transactional and capital needs; Forensic and Litigation Consulting, which provides a range of services in risk and investigations and disputes; Economic Consulting, which delivers a range of services centered around its main offerings, including antitrust and competition economics, financial economics and international arbitration; Technology, which provides consultations and services to address legal and regulatory risk; and Strategic Communications, which develops and executes communications strategies.
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Buy (3.33 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: FCN Stock Forecast Based on Zacks ABR data; powered by Xignite |