Equities research analysts expect Huron Consulting Group (NASDAQ:HURN) to report $0.59 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Huron Consulting Group’s earnings, with estimates ranging from $0.50 to $0.68. Huron Consulting Group posted earnings of $0.49 per share in the same quarter last year, which would suggest a positive year over year growth rate of 20.4%. The firm is expected to announce its next earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Huron Consulting Group will report full year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.18 to $2.25. For the next financial year, analysts anticipate that the firm will report earnings of $2.48 per share, with EPS estimates ranging from $2.43 to $2.52. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.29). The company had revenue of $193.70 million during 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 company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 earnings per share.
A number of research firms recently commented on HURN. BidaskClub lowered Huron Consulting Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. ValuEngine raised Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Thursday. Barrington Research reaffirmed a “hold” rating on shares of Huron Consulting Group in a research report on Thursday, May 3rd. Finally, Zacks Investment Research lowered Huron Consulting Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $48.00.
In other 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 completion of the sale, the chief executive officer now directly owns 233,190 shares of the company’s stock, valued at approximately $8,147,658.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in HURN. SG Americas Securities LLC purchased a new stake in Huron Consulting Group in the 1st quarter worth about $133,000. Asset Management One Co. Ltd. increased its holdings in Huron Consulting Group by 42.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 5,040 shares of the business services provider’s stock worth $192,000 after acquiring an additional 1,500 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Huron Consulting Group in the 4th quarter worth about $210,000. Nisa Investment Advisors LLC increased its holdings in Huron Consulting Group by 100.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,000 shares of the business services provider’s stock worth $243,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Unison Advisors LLC purchased a new stake in Huron Consulting Group in the 4th quarter worth about $244,000. 91.04% of the stock is owned by hedge funds and other institutional investors.
Huron Consulting Group traded down $0.10, reaching $40.40, on Friday, according to MarketBeat. The company had a trading volume of 129,121 shares, compared to its average volume of 110,397. The firm has a market capitalization of $907.77 million, a P/E ratio of 18.79, a PEG ratio of 1.36 and a beta of 0.14. Huron Consulting Group has a 52-week low of $29.52 and a 52-week high of $44.85. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75.
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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