FTI Consulting Acquires Salter

RELATED QUOTES

SymbolPriceChange
NCI14.27-0.01
FCN38.53+0.02

FTI Consulting, Inc. (FCN), a global business advisory firm, recently announced the acquisition of The Salter Group, LLC - a leading provider of business and intangible asset valuations - for an undisclosed amount.

FTI Consulting primarily caters to the needs of its global clients by providing financial advisory services. The company’s strategy to expand through acquisitions, particularly in the international markets, remains one of its key growth drivers. The demand for the company’s specialized consulting services is expected to grow significantly over the long term.

On the other hand, since its inception in 2003, The Salter Group had handled more than 1,350 projects worth around $145 billion. The addition of The Salter Group will strengthen FTI Consulting’s industry expertise in entertainment, media and life sciences. Furthermore, as the continued challenging macroeconomic environment entail levels of credible objectivity to assess investments and lending risks, the acquisition is likely to be synergistic in the long run. The transaction, therefore, is a win-win situation for both the companies.

In the last reported quarter, FTI Consulting reported adjusted earnings of  60 cents per share, which beat the Zacks Consensus Estimate by a penny but fell well short of the year-ago earnings of  70 cents a share.

Based in Baltimore, Maryland, FTI Consulting provides specialized consulting services across 24 foreign countries with a total headcount of more than 3,800 employees. The company has a team of highly qualified professionals who provide problem-solving and technology services primarily to major corporations, financial institutions and law firms.

FTI Consulting currently has a Zacks Rank #3 (Hold) and a long-term Neutral recommendation. One of its competitors, Navigant Consulting Inc (NCI) carries a Zacks Rank #2 (Buy).
 

Read the Full Research Report on NCI

Read the Full Research Report on FCN

Zacks Investment Research



More From Zacks.com

--

Did you know that you can get stories like this on the Yahoo mail app?
Download it here.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.33300.000.00%
    USDSGD=X
    1.4496+0.0003+0.02%
    EURSGD=X
    2.0244-0.00010.00%
    GBPSGD=X
    89.17480.000.00%
    SGDJPY=X
    5.81400.000.00%
    SGDHKD=X
    2.68120.000.00%
    SGDMYR=X
    9,712.69240.000.00%
    SGDIDR=X
    4.64740.000.00%
    SGDCNY=X
    1.0429+0.0003+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,179.00-15.00-1.26%
    GCK15.CMX
    15.72-0.11-0.72%
    SIK15.CMX
    69.95-0.68-0.96%
    ^XAU
    2.74+0.04+1.56%
    HGK15.CMX
    57.42-0.32-0.55%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.32-0.03
    ^FVX
    1.92-0.03
    ^TNX
    2.62-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.225-0.005-2.17%
    5GB.SI
    0.84-0.02-2.33%
    N21.SI
    0.2950.0000.00%
    5WA.SI
    0.093-0.014-13.08%
    A6F.SI
    4.37+0.02+0.46%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.245+0.025+11.36%
    MR8.SI
    0.198+0.018+10.00%
    40N.SI
    0.505+0.040+8.60%
    L5I.SI
    0.635+0.050+8.55%
    MS7.SI
    0.285+0.020+7.55%
    5TP.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.093-0.014-13.08%
    A6F.SI
    0.23-0.02-9.80%
    5WR.SI
    0.23-0.02-9.80%
    B1N.SI
    0.117-0.012-9.30%
    V69.SI
    0.235-0.020-7.84%
    41A.SI