Equities analysts expect Huron Consulting Group (NASDAQ:HURN) to announce earnings per share (EPS) of $0.66 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Huron Consulting Group’s earnings, with estimates ranging from $0.60 to $0.69. Huron Consulting Group posted earnings per share of $0.64 in the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The firm is expected to issue its next earnings results on Tuesday, October 29th.
According to Zacks, analysts expect that Huron Consulting Group will report full year earnings of $2.50 per share for the current financial year, with EPS estimates ranging from $2.49 to $2.50. For the next fiscal year, analysts forecast that the company will post earnings of $2.67 per share, with EPS estimates ranging from $2.60 to $2.77. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.16. The firm had revenue of $220.80 million for the quarter, compared to the consensus estimate of $205.51 million. Huron Consulting Group had a net margin of 2.76% and a return on equity of 10.01%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share.
HURN has been the topic of several research reports. SunTrust Banks raised their price target on shares of Huron Consulting Group to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Barrington Research reissued an “outperform” rating and issued a $68.00 price target (up from $57.00) on shares of Huron Consulting Group in a research note on Monday, August 5th. BidaskClub downgraded shares of Huron Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Benchmark set a $60.00 price target on shares of Huron Consulting Group and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research raised shares of Huron Consulting Group from a “hold” rating to a “strong-buy” rating and set a $70.00 price target on the stock in a research note on Friday, August 2nd. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Huron Consulting Group has a consensus rating of “Buy” and an average target price of $68.00.
In other Huron Consulting Group news, Director George Massaro sold 547 shares of Huron Consulting Group stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $50.02, for a total transaction of $27,360.94. Following the transaction, the director now directly owns 21,999 shares of the company’s stock, valued at $1,100,389.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James H. Roth sold 17,500 shares of Huron Consulting Group stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $62.90, for a total transaction of $1,100,750.00. Following the transaction, the chief executive officer now directly owns 189,795 shares in the company, valued at $11,938,105.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,047 shares of company stock worth $1,799,221. Insiders own 2.86% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC lifted its position in shares of Huron Consulting Group by 4.1% during the 2nd quarter. Renaissance Technologies LLC now owns 249,358 shares of the business services provider’s stock worth $12,563,000 after buying an additional 9,900 shares during the last quarter. S&T Bank PA lifted its holdings in Huron Consulting Group by 1.4% in the 2nd quarter. S&T Bank PA now owns 163,445 shares of the business services provider’s stock worth $8,235,000 after purchasing an additional 2,227 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Huron Consulting Group in the 2nd quarter worth approximately $5,586,000. Martingale Asset Management L P lifted its holdings in Huron Consulting Group by 18.8% in the 1st quarter. Martingale Asset Management L P now owns 108,508 shares of the business services provider’s stock worth $5,125,000 after purchasing an additional 17,200 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC lifted its holdings in Huron Consulting Group by 66.3% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 100,000 shares of the business services provider’s stock worth $5,038,000 after purchasing an additional 39,865 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.
Shares of NASDAQ:HURN traded up $0.91 during midday trading on Monday, hitting $62.96. The company’s stock had a trading volume of 2,654 shares, compared to its average volume of 85,113. The business’s 50 day simple moving average is $59.63 and its 200 day simple moving average is $51.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $1.42 billion, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 1.84 and a beta of -0.07. Huron Consulting Group has a 12-month low of $44.78 and a 12-month high of $64.39.
Huron Consulting Group Company Profile
Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.
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