$0.67 EPS Expected for Huron Consulting Group (NASDAQ:HURN) This Quarter
Wall Street analysts expect that Huron Consulting Group (NASDAQ:HURN) will post $0.67 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Huron Consulting Group’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.66. Huron Consulting Group posted earnings per share of $1.09 during the same quarter last year, which indicates a negative year-over-year growth rate of 38.5%. The company is expected to issue its next earnings results after the market closes on Thursday, July 27th.
On average, analysts expect that Huron Consulting Group will report full-year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.55 to $2.61. For the next fiscal year, analysts expect that the firm will post earnings of $2.83 per share, with EPS estimates ranging from $2.78 to $2.90. 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 posted its quarterly earnings data on Monday, May 1st. The business services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Huron Consulting Group had a net margin of 2.50% and a return on equity of 3.15%. The firm had revenue of $188.80 million during the quarter, compared to analyst estimates of $177.10 million. During the same quarter last year, the business posted $0.62 EPS. The company’s revenue was up 4.6% on a year-over-year basis.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Wednesday, May 3rd. ValuEngine cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Benchmark Co. assumed coverage on shares of Huron Consulting Group in a report on Tuesday, May 23rd. They set a “hold” rating for the company. Finally, Avondale Partners upgraded shares of Huron Consulting Group from a “market perform” rating to an “outperform” rating in a report on Friday, March 24th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $60.00.
Huron Consulting Group (NASDAQ HURN) traded down 0.12% during trading on Wednesday, reaching $41.75. 65,985 shares of the company were exchanged. The firm has a 50-day moving average of $42.70 and a 200-day moving average of $43.42. The firm has a market cap of $886.73 million, a price-to-earnings ratio of 24.27 and a beta of 0.15. Huron Consulting Group has a 52-week low of $39.15 and a 52-week high of $65.00.
In related news, Director James D. Edwards sold 602 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $43.32, for a total transaction of $26,078.64. Following the completion of the transaction, the director now owns 22,730 shares in the company, valued at $984,663.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HURN. Van Berkom & Associates Inc. bought a new position in shares of Huron Consulting Group during the second quarter valued at about $49,231,000. Norges Bank bought a new position in shares of Huron Consulting Group during the fourth quarter valued at about $18,029,000. Boston Partners boosted its position in shares of Huron Consulting Group by 48.3% in the first quarter. Boston Partners now owns 733,269 shares of the business services provider’s stock valued at $30,870,000 after buying an additional 238,882 shares during the period. Renaissance Technologies LLC bought a new position in shares of Huron Consulting Group during the first quarter valued at about $4,423,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Huron Consulting Group by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,274,091 shares of the business services provider’s stock valued at $53,639,000 after buying an additional 104,133 shares during the period. Institutional investors and hedge funds own 88.38% of the company’s stock.
About Huron Consulting Group
Huron Consulting Group Inc is a global professional services firm. The Company offers solutions in operations, advisory services, technology and analytics for healthcare, higher education, life sciences and commercial sectors. The Company’s segments include Healthcare, Education and Life Sciences, and Business Advisory.
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