Huron Consulting Group Inc. (HURN) Set to Announce Earnings on Thursday
Huron Consulting Group Inc. (NASDAQ:HURN) is scheduled to announce its earnings results after the market closes on Thursday, October 20th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Huron Consulting Group has set its FY16 guidance at $3.35-3.50 EPS.
Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.29. The firm earned $184.26 million during the quarter, compared to analysts’ expectations of $186.50 million. Huron Consulting Group had a net margin of 7.22% and a return on equity of 13.17%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. On average, analysts expect Huron Consulting Group to post $3.42 EPS for the current fiscal year and $3.76 EPS for the next fiscal year.
Shares of Huron Consulting Group Inc. (NASDAQ:HURN) opened at 55.80 on Wednesday. Huron Consulting Group Inc. has a 1-year low of $43.35 and a 1-year high of $65.00. The firm has a market capitalization of $1.18 billion, a PE ratio of 20.53 and a beta of 0.53. The firm has a 50-day moving average of $59.89 and a 200-day moving average of $59.76.
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In related news, EVP Diane E. Ratekin sold 3,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $61.59, for a total transaction of $184,770.00. Following the completion of the sale, the executive vice president now directly owns 22,681 shares of the company’s stock, valued at approximately $1,396,922.79. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James H. Roth sold 7,500 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $60.89, for a total value of $456,675.00. Following the sale, the chief executive officer now directly owns 173,585 shares of the company’s stock, valued at $10,569,590.65. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of HURN. Atlanta Capital Management Co. L L C boosted its stake in Huron Consulting Group by 6.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 448,984 shares of the company’s stock worth $27,128,000 after buying an additional 26,556 shares during the last quarter. Piermont Capital Management Inc. acquired a new stake in Huron Consulting Group during the second quarter worth about $1,195,000. Teachers Advisors Inc. boosted its stake in Huron Consulting Group by 0.5% in the second quarter. Teachers Advisors Inc. now owns 34,393 shares of the company’s stock worth $2,078,000 after buying an additional 165 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Huron Consulting Group by 13.0% in the second quarter. TIAA CREF Investment Management LLC now owns 78,283 shares of the company’s stock worth $4,730,000 after buying an additional 9,002 shares during the last quarter. Finally, United Services Automobile Association boosted its stake in Huron Consulting Group by 7.4% in the second quarter. United Services Automobile Association now owns 226,904 shares of the company’s stock worth $13,710,000 after buying an additional 15,641 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently weighed in on HURN shares. Zacks Investment Research upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Wednesday, September 28th. Barrington Research increased their price target on shares of Huron Consulting Group from $67.00 to $69.00 and gave the company an “outperform” rating in a research report on Monday, August 1st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Huron Consulting Group has an average rating of “Buy” and an average price target of $68.33.
About Huron Consulting Group
Huron Consulting Group Inc is a professional services firm focused on assisting clients with their business issues by delivering solutions to support their strategic objectives. The Company’s segments are Huron Healthcare, which provides advisory, consulting and technology solutions to national and regional hospitals and integrated health systems, academic medical centers, community hospitals and physician practices; Huron Education and Life Sciences, which provides management consulting services and software solutions to the higher education, academic medical center, pharmaceutical and medical device, and research industries; Huron Business Advisory, which provides services to the C-suite of middle market and organizations, institutions, law firms, investment banks and private equity firms, and All Other.
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