Huron Consulting Group Inc. (HURN) Expected to Announce Earnings of $0.63 Per Share
Brokerages expect that Huron Consulting Group Inc. (NASDAQ:HURN) will report earnings per share (EPS) of $0.63 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Huron Consulting Group’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.76. Huron Consulting Group reported earnings per share of $0.92 in the same quarter last year, which would suggest a negative year-over-year growth rate of 31.5%. The business is expected to report its next quarterly earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Huron Consulting Group will report full year earnings of $2.20 per share for the current fiscal year. For the next year, analysts anticipate that the business will post earnings of $2.75 per share, with EPS estimates ranging from $2.54 to $2.90. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by $0.18. The company had revenue of $181.40 million for the quarter, compared to analyst estimates of $191.83 million. Huron Consulting Group had a positive return on equity of 8.83% and a negative net margin of 15.94%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share.
A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Huron Consulting Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 31st. Benchmark Co. assumed coverage on shares of Huron Consulting Group in a research note on Tuesday, May 23rd. They set a “hold” rating for the company. TheStreet cut shares of Huron Consulting Group from a “c” rating to a “d+” rating in a research note on Monday, July 31st. Finally, ValuEngine cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.00.
Shares of Huron Consulting Group (HURN) traded down 0.15% during mid-day trading on Tuesday, hitting $33.30. The stock had a trading volume of 130,835 shares. Huron Consulting Group has a one year low of $33.10 and a one year high of $64.00. The stock’s market cap is $715.68 million. The firm has a 50 day moving average of $41.11 and a 200 day moving average of $42.81.
In other news, Director James D. Edwards sold 602 shares of Huron Consulting Group stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $43.32, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HURN. Stifel Financial Corp boosted its position in Huron Consulting Group by 2.9% in the first quarter. Stifel Financial Corp now owns 6,040 shares of the business services provider’s stock worth $254,000 after buying an additional 171 shares during the period. Legal & General Group Plc boosted its position in Huron Consulting Group by 2.6% in the second quarter. Legal & General Group Plc now owns 7,631 shares of the business services provider’s stock worth $329,000 after buying an additional 197 shares during the period. Public Employees Retirement System of Ohio boosted its position in Huron Consulting Group by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,239 shares of the business services provider’s stock worth $1,315,000 after buying an additional 199 shares during the period. Teachers Advisors LLC boosted its position in Huron Consulting Group by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 35,394 shares of the business services provider’s stock worth $1,793,000 after buying an additional 492 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Huron Consulting Group by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,485 shares of the business services provider’s stock worth $151,000 after buying an additional 524 shares during the period. Institutional investors own 92.87% of the company’s stock.
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Huron Consulting Group Company Profile
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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