What is the Deloitte stock price, and are they publicly traded? Investors cannot purchase shares of Deloitte because it is a private company. However, FTI Consulting (NYSE: FCN) and Huron Consulting Group (NASDAQ: HURN) are consulting company stock symbols that traders can invest in.
As one of the four largest accounting firms in the world, it’s unfortunate you aren’t able to have it as part of your investment portfolio. However, even though you can’t purchase Deloitte stock, there are a few promising alternatives for investors. If you want to add professional services companies to your portfolios, you might want to stick around and read this.
Is Deloitte Publicly Traded?
Deloitte is a private company and does not have a stock symbol. Generally speaking, even if Deloitte wanted to be listed on the stock exchange, several reasons prevented it from doing so. Firstly, the typical structure of accounting and law firms is as partnerships, and Deloitte is the same.
Secondly, the regulatory requirements for these companies stipulate that only qualified individuals can own a portion of the company. For these reasons, these firms are rarely, if ever, traded on a stock exchange. Hence, there is no Deloitte stock.
It’s important to note your exposure once you go public and float on the stock market. For starters, there is exposure to public speculation, criticism, and other regulatory controls that you don’t have to worry about when operating privately.
More often than not, companies float on the stock market to raise a large amount of money. And your guess as to why is as good as mine; the options are endless for buying new equipment and expanding the facility.
However, a company may remain private if it has enough capital. Take Deloitte, for example.
It would be virtually impossible to go public due to the structure of a network of independent member firms. In addition, I’m unsure how they would float a mass of the company, not to mention the legal ramifications discussed above. So there’s no Deloitte stock.
Deloitte Company Overview
Headquartered in London, UK, Deloitte provides a suite of services, including auditing, tax preparation, consulting, enterprise risk management, and financial advisory services.
With a globally connected network of member firms spanning more than 150 countries and territories, Deloitte delivers world-class capabilities and high-quality services to public and private clients.
As of 2017, it was the 4th largest privately owned company in the US. And with approximately 300,000 employees globally, they earned a record $46.2 billion in 2019 alone; take a moment to let that sink in! Too bad there’s no Deloitte stock.
Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is one of the “Big Four” accounting firms. Furthermore, they are also the largest professional services network in the world!
Following closely on their coattails are PricewaterhouseCoopers (PwC), Ernst & Young, and Klynveld Peat Marwick Goerdeler (KPMG). Not to be outshone by the Big Four, BDO International rounds out the largest accounting networks globally.
However, like Deloitte, these remaining firms are not listed publicly on stock exchanges. That means you cannot buy Deloitte stock, and you can’t buy any others.
Deloitte Revenue and Financial Overview
| Year | Estimated Revenue ($bn) | 2025 (est.) | $70.5 |
|---|---|
| 2024 | $67.2 |
| 2023 | $64.9 |
| 2022 | $59.3 |
| 2021 | $50.2 |
Public Consulting Companies to Consider
| Symbol | Name |
|---|---|
| FCN | FTI Consulting |
| HURN | Huron Consulting Group |
FTI Consulting (FCN))
Although you can’t buy Deloitte stock or stock from any Big 4 firms, you still have options to invest in the consulting world. Take, for example, FTI Consulting (NYSE: FCN), one of the world’s top financial consulting firms.
They consistently rank as one of the top global firms specializing in corporate finance, restructuring, economic consulting, forensic and litigation consulting, strategic communications, and technology.
Although they’ve garnered negative attention in the past (i.e., their involvement in the Lehman Brothers and GM bankruptcies), this hasn’t overshadowed their potential.
Despite the recent massive downturn in the stock market, FTI has not only shown growth but also profited. FTI has performed exceptionally well over the past year, with a 75% increase.
Moreover, they have the potential to sustain the momentum in the near term. Consequently, you should add the stock to your portfolio if you haven’t yet taken advantage of its share price appreciation.
Of course, you might be able to find a better stock than FTI Consulting Group. However, FTI could still be a lovely addition to your portfolio.
Huron Consulting Group (HURN)
Another publicly listed heavy-hitter alternative to Deloitte stock in the business consulting space is the Huron Consulting Group. HURN is a firm that provides businesses with technology and analytics services.
According to Zacks Equity Research, Huron Consulting is a top-ranked growth stock for April 2020. They are a growth stock with a PEG ratio of 1.36, compared with 2.28 for the industry.
Simultaneously, Huron had a nice streak of beating earnings estimates. Just take a look at the two previous reports, for example.
For the most recent quarter, instead of posting the expected earnings of $0.64 per share, they reported earnings of $0.79 per share. Likewise, in the previous quarter, the estimate was $0.66 per share, yet Huron reported $0.79 per share.
The surprise of 23.44% and 19.70% earnings above estimates provides credence to this company. However, if you want a stock with a solid history of beating earnings estimates, look at Huron Consulting (HURN).
Final Thoughts on Deloitte Stock
We may not be able to trade Deloitte stock, but there are many other stocks available for trading at a price that is quite attractive since the 2019 pullback. It’s known that the market moves in cycles, and you need strategies that move with those cycles.
As long as enough people are running that cycle, guess what? You can capitalize on it. Even though there’s no Deloitte stock, there are several consulting companies that traders can invest in.
Frequently Asked Questions
Deloitte is a private company and does not have a publicly traded stock symbol. They are a leader in the financial services industry.
There are numerous restrictions and processes to follow to make Deloitte public. There have been no talks of making them a public company.
Deloitte has no shareholders because it is a private company. The controlling company is Deloitte LLP.
