FTI Consulting Adopts Additional $400M Stock Buyback Program - FTI Consulting (NYSE:FCN)

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  • FTI Consulting Inc FCN Board of Directors authorized the additional amount of $400.0 million to repurchase its outstanding shares on December 1, 2022.
  • As of November 30, 2022, FTI has repurchased about 11.3 million shares pursuant to its stock repurchase program at an average price per share of $70.93 for about $799.0 million.
  • After the increased authorization, FTI Consulting has approximately $501.0 million remaining available for repurchases under its program.
  • The repurchases may be funded using available cash on hand or a combination of cash and available borrowings.
  • FTI Consulting held $327 million in cash and equivalents as of September 30, 2022.
  • Price Action: FCN shares are trading higher by 0.32% at $169.01 on the last check Friday.

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Image and article originally from www.benzinga.com. Read the original article here.