Huron Consulting Group Inc. (HURN) Expected to Announce Earnings of $0.55 Per Share
Brokerages forecast that Huron Consulting Group Inc. (NASDAQ:HURN) will report earnings of $0.55 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Huron Consulting Group’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.45. Huron Consulting Group posted earnings per share of $0.92 in the same quarter last year, which suggests a negative year over year growth rate of 40.2%. The business is expected to announce its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Huron Consulting Group will report full year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.23. For the next year, analysts anticipate that the firm will post earnings of $2.48 per share, with EPS estimates ranging from $2.45 to $2.54. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.18). Huron Consulting Group had a positive return on equity of 8.83% and a negative net margin of 15.94%. The firm had revenue of $181.40 million during the quarter, compared to analysts’ expectations of $191.83 million. During the same period in the previous year, the company posted $1.09 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year.
A number of research analysts recently issued reports on HURN shares. Benchmark Co. started coverage on Huron Consulting Group in a research note on Tuesday, May 23rd. They set a “hold” rating for the company. ValuEngine downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Huron Consulting Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 31st. TheStreet downgraded Huron Consulting Group from a “c” rating to a “d+” rating in a research note on Monday, July 31st. Finally, William Blair upgraded Huron Consulting Group from a “market perform” rating to an “outperform” rating in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.
Shares of Huron Consulting Group (NASDAQ:HURN) traded up 1.53% during midday trading on Thursday, hitting $33.10. 191,417 shares of the stock were exchanged. The stock’s market cap is $711.39 million. Huron Consulting Group has a 52-week low of $29.53 and a 52-week high of $62.28. The firm’s 50 day moving average price is $33.05 and its 200-day moving average price is $40.15.
In other Huron Consulting Group news, Director James D. Edwards sold 602 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was 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 directly owns 22,730 shares in the company, valued at approximately $984,663.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.70% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Stifel Financial Corp boosted its stake in Huron Consulting Group by 2.9% in the 1st quarter. Stifel Financial Corp now owns 6,040 shares of the business services provider’s stock worth $254,000 after purchasing an additional 171 shares during the period. Legal & General Group Plc boosted its stake in Huron Consulting Group by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 7,631 shares of the business services provider’s stock worth $329,000 after purchasing an additional 197 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Huron Consulting Group by 0.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 31,239 shares of the business services provider’s stock worth $1,315,000 after purchasing an additional 199 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Huron Consulting Group by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,114 shares of the business services provider’s stock worth $739,000 after purchasing an additional 220 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Huron Consulting Group by 1.4% in the 4th quarter. Teachers Advisors LLC now owns 35,394 shares of the business services provider’s stock worth $1,793,000 after purchasing an additional 492 shares during the period. Institutional investors and hedge funds own 88.49% 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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