Research Analysts Set Expectations for Huron Consulting Group Inc.’s Q2 2024 Earnings (NASDAQ:HURN)

Huron Consulting Group Inc. (NASDAQ:HURN) – William Blair cut their Q2 2024 earnings estimates for shares of Huron Consulting Group in a research note issued on Wednesday, May 1st. William Blair analyst A. Nicholas now expects that the business services provider will post earnings of $1.37 per share for the quarter, down from their previous forecast of $1.54. The consensus estimate for Huron Consulting Group’s current full-year earnings is $5.68 per share. William Blair also issued estimates for Huron Consulting Group’s Q3 2024 earnings at $1.68 EPS, FY2024 earnings at $5.75 EPS, Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $1.77 EPS, Q3 2025 earnings at $2.13 EPS, Q4 2025 earnings at $1.86 EPS and FY2025 earnings at $6.80 EPS.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.35. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The business had revenue of $355.96 million during the quarter, compared to analysts’ expectations of $348.80 million. During the same period in the previous year, the business earned $0.87 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year.

Several other equities analysts also recently weighed in on HURN. StockNews.com downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Barrington Research boosted their price target on shares of Huron Consulting Group from $128.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday.

Huron Consulting Group Trading Up 0.8 %

Shares of Huron Consulting Group stock opened at $86.32 on Thursday. Huron Consulting Group has a twelve month low of $70.66 and a twelve month high of $113.31. The firm’s 50-day moving average price is $95.07 and its 200 day moving average price is $100.28. The company has a current ratio of 2.40, a quick ratio of 1.32 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $1.55 billion, a PE ratio of 24.88 and a beta of 0.59.

Insider Activity at Huron Consulting Group

In other news, Director John Mccartney sold 300 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.13, for a total value of $29,439.00. Following the transaction, the director now directly owns 56,919 shares in the company, valued at approximately $5,585,461.47. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director John Mccartney sold 300 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.13, for a total transaction of $29,439.00. Following the completion of the transaction, the director now directly owns 56,919 shares in the company, valued at approximately $5,585,461.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $104.48, for a total transaction of $417,920.00. Following the sale, the chief executive officer now directly owns 98,286 shares in the company, valued at approximately $10,268,921.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,380 shares of company stock worth $3,966,654. Company insiders own 2.02% of the company’s stock.

Institutional Trading of Huron Consulting Group

Several hedge funds have recently added to or reduced their stakes in HURN. SG Americas Securities LLC purchased a new stake in shares of Huron Consulting Group in the 3rd quarter valued at approximately $481,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Huron Consulting Group during the third quarter worth approximately $228,000. Robeco Institutional Asset Management B.V. boosted its holdings in Huron Consulting Group by 3.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 44,577 shares of the business services provider’s stock valued at $4,643,000 after purchasing an additional 1,593 shares in the last quarter. Redwood Investments LLC purchased a new position in Huron Consulting Group in the third quarter valued at approximately $11,509,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Huron Consulting Group by 19.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,675 shares of the business services provider’s stock worth $487,000 after purchasing an additional 756 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.