Huron Consulting Group (HURN) Issues FY14 Earnings Guidance
Huron Consulting Group (NASDAQ:HURN) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.25-3.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.23, ARN reports. The company issued revenue guidance of $805-825 million, compared to the consensus revenue estimate of $802.00 million.
Shares of Huron Consulting Group (NASDAQ:HURN) traded up 2.00% during mid-day trading on Tuesday, hitting $65.91. 253,228 shares of the company’s stock traded hands. Huron Consulting Group has a 52 week low of $46.80 and a 52 week high of $72.66. The stock has a 50-day moving average of $68.09 and a 200-day moving average of $65.91. The company has a market cap of $1.489 billion and a price-to-earnings ratio of 16.61.
Huron Consulting Group (NASDAQ:HURN) last released its earnings data on Tuesday, July 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.18. The company had revenue of $209.40 million for the quarter, compared to the consensus estimate of $193.60 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. Analysts expect that Huron Consulting Group will post $3.29 EPS for the current fiscal year.
A number of research firms have recently commented on HURN. Analysts at Zacks upgraded shares of Huron Consulting Group from a neutral rating to an outperform rating in a research note on Tuesday, June 24th. They now have a $74.20 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a buy rating on shares of Huron Consulting Group in a research note on Wednesday, April 30th. They now have a $73.00 price target on the stock, up previously from $70.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Huron Consulting Group from $74.00 to $75.00 in a research note on Wednesday, April 30th. They now have a buy rating on the stock.
Huron Consulting Group Inc (NASDAQ:HURN) is a provider of operational and financial consulting services.
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