Huron Consulting Group (NASDAQ:HURN) Posts Quarterly Earnings Results


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Huron Consulting Group (NASDAQ:HURN) issued its earnings results on Tuesday. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01), MarketWatch Earnings reports. The firm had revenue of $203.30 million during the quarter, compared to the consensus estimate of $198.29 million. Huron Consulting Group had a negative net margin of 0.37% and a positive return on equity of 10.12%. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Huron Consulting Group updated its FY 2021 guidance to 2.350-2.750 EPS and its FY21 guidance to $2.35-2.75 EPS.

Shares of NASDAQ:HURN traded up $0.92 during midday trading on Tuesday, reaching $58.00. 138,861 shares of the company traded hands, compared to its average volume of 113,088. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.45. Huron Consulting Group has a 12 month low of $37.35 and a 12 month high of $61.99. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -289.99, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The firm’s fifty day moving average price is $53.10 and its two-hundred day moving average price is $51.79.

Several analysts have issued reports on the company. Sidoti assumed coverage on Huron Consulting Group in a research note on Friday, January 22nd. They issued a “buy” rating on the stock. Barrington Research boosted their price objective on Huron Consulting Group from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. Finally, Zacks Investment Research upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a research note on Tuesday.

In related news, CEO James H. Roth sold 18,631 shares of the business’s stock in a transaction on Friday, March 5th. The stock was sold at an average price of $52.38, for a total transaction of $975,891.78. Following the sale, the chief executive officer now directly owns 162,353 shares in the company, valued at approximately $8,504,050.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. Its Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

See Also: Quiet Period Expirations

Earnings History for Huron Consulting Group (NASDAQ:HURN)

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