Brokerages expect Huron Consulting Group (NASDAQ:HURN) to post earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Huron Consulting Group’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.27. Huron Consulting Group reported earnings per share of $0.76 during the same quarter last year, which suggests a negative year-over-year growth rate of 73.7%. The firm is expected to report its next earnings report on Tuesday, August 4th.
On average, analysts expect that Huron Consulting Group will report full-year earnings of $1.31 per share for the current year, with EPS estimates ranging from $1.10 to $1.60. For the next year, analysts expect that the business will report earnings of $2.69 per share, with EPS estimates ranging from $2.44 to $2.98. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Thursday, April 30th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The business had revenue of $222.62 million during the quarter, compared to the consensus estimate of $213.27 million. Huron Consulting Group had a negative net margin of 0.39% and a positive return on equity of 11.03%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share.
A number of analysts have commented on HURN shares. Zacks Investment Research cut shares of Huron Consulting Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. BidaskClub upgraded shares of Huron Consulting Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 30th. SunTrust Banks cut their price target on shares of Huron Consulting Group from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, Benchmark cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $63.75.
In other news, COO C. Mark Hussey sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $55.00, for a total transaction of $110,000.00. Following the completion of the sale, the chief operating officer now owns 68,119 shares in the company, valued at approximately $3,746,545. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James H. Roth sold 1,210 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $55.75, for a total transaction of $67,457.50. Following the sale, the chief executive officer now owns 185,923 shares of the company’s stock, valued at approximately $10,365,207.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,575 shares of company stock valued at $193,357. 2.20% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of HURN. Tower Research Capital LLC TRC acquired a new stake in Huron Consulting Group in the 4th quarter worth about $36,000. AJO LP acquired a new stake in Huron Consulting Group in the 1st quarter worth about $29,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Huron Consulting Group in the 4th quarter worth about $46,000. Point72 Hong Kong Ltd raised its stake in Huron Consulting Group by 3,253.8% in the 4th quarter. Point72 Hong Kong Ltd now owns 1,308 shares of the business services provider’s stock worth $90,000 after purchasing an additional 1,269 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Huron Consulting Group by 20.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,511 shares of the business services provider’s stock worth $104,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.
Huron Consulting Group stock traded up $0.93 during mid-day trading on Monday, reaching $40.19. The company’s stock had a trading volume of 108,359 shares, compared to its average volume of 186,266. The company has a market capitalization of $897.05 million, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. Huron Consulting Group has a 12 month low of $35.15 and a 12 month high of $70.91. The business’s 50 day simple moving average is $46.13 and its 200 day simple moving average is $59.26. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.01 and a current ratio of 3.01.
About Huron Consulting Group
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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