Huron Consulting Group Inc. (HURN) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS
Huron Consulting Group Inc. (NASDAQ:HURN) issued its earnings results on Wednesday. The business services provider reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12), Bloomberg Earnings reports. 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 $176.40 million during the quarter, compared to the consensus estimate of $181.27 million. During the same period last year, the firm posted $0.92 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. Huron Consulting Group updated its FY17 guidance to $2.20-2.30 EPS.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Huron Consulting Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. SunTrust Banks, Inc. reissued a “buy” rating and set a $48.00 price objective on shares of Huron Consulting Group in a research note on Friday, October 20th. TheStreet cut Huron Consulting Group from a “c” rating to a “d+” rating in a research note on Monday, July 31st. Finally, William Blair raised Huron Consulting Group from a “market perform” rating to an “outperform” rating in a research note on Friday, September 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.00.
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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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