Equities analysts expect Huron Consulting Group (NASDAQ:HURN) to post $185.31 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Huron Consulting Group’s earnings, with the highest sales estimate coming in at $188.00 million and the lowest estimate coming in at $181.33 million. Huron Consulting Group reported sales of $202.35 million during the same quarter last year, which indicates a negative year-over-year growth rate of 8.4%. The firm is scheduled to announce its next earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Huron Consulting Group will report full year sales of $751.70 million for the current year, with estimates ranging from $742.90 million to $760.00 million. For the next financial year, analysts expect that the firm will post sales of $783.82 million per share, with estimates ranging from $772.16 million to $798.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, May 1st. The business services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.29). The business had revenue of $193.70 million for the quarter, compared to analysts’ expectations of $181.54 million. Huron Consulting Group had a negative net margin of 21.97% and a positive return on equity of 7.60%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share.
Several equities analysts recently issued reports on HURN shares. BidaskClub upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Zacks Investment Research upgraded Huron Consulting Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Barrington Research restated a “hold” rating on shares of Huron Consulting Group in a research note on Thursday, May 3rd. Finally, ValuEngine cut Huron Consulting Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Huron Consulting Group currently has an average rating of “Hold” and a consensus target price of $48.00.
Shares of Huron Consulting Group stock traded up $1.25 on Monday, hitting $40.50. 174,800 shares of the company’s stock traded hands, compared to its average volume of 106,673. The stock has a market cap of $858.46 million, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.29 and a beta of 0.14. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. Huron Consulting Group has a 52-week low of $29.52 and a 52-week high of $44.85.
In related news, CEO James H. Roth sold 17,500 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $34.94, for a total transaction of $611,450.00. Following the transaction, the chief executive officer now directly owns 233,190 shares in the company, valued at $8,147,658.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Polar Asset Management Partners Inc. bought a new stake in Huron Consulting Group in the first quarter valued at $8,595,000. Royal Bank of Canada lifted its stake in Huron Consulting Group by 9.0% in the first quarter. Royal Bank of Canada now owns 730,499 shares of the business services provider’s stock valued at $27,832,000 after buying an additional 60,427 shares during the last quarter. Legal & General Group Plc lifted its stake in Huron Consulting Group by 50.0% in the first quarter. Legal & General Group Plc now owns 11,546 shares of the business services provider’s stock valued at $440,000 after buying an additional 3,847 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in Huron Consulting Group by 43.0% in the first quarter. Segall Bryant & Hamill LLC now owns 133,143 shares of the business services provider’s stock valued at $5,073,000 after buying an additional 40,009 shares during the last quarter. Finally, Barclays PLC lifted its stake in Huron Consulting Group by 18.8% in the first quarter. Barclays PLC now owns 29,594 shares of the business services provider’s stock valued at $1,129,000 after buying an additional 4,688 shares during the last quarter. Institutional investors own 91.04% of the company’s stock.
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 performance, 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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