$0.68 EPS Expected for Huron Consulting Group Inc. (HURN) This Quarter
Brokerages expect Huron Consulting Group Inc. (NASDAQ:HURN) to report earnings of $0.68 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Huron Consulting Group’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.78. Huron Consulting Group posted earnings per share of $0.58 during the same quarter last year, which would indicate a positive year over year growth rate of 17.2%. The company is scheduled to report its next earnings report on Thursday, February 22nd.
On average, analysts expect that Huron Consulting Group will report full-year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.25. For the next fiscal year, analysts expect that the company will report earnings of $2.48 per share, with EPS estimates ranging from $2.40 to $2.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Wednesday, November 1st. The business services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.12). Huron Consulting Group had a negative net margin of 17.09% and a positive return on equity of 7.50%. The business had revenue of $176.40 million for the quarter, compared to analysts’ expectations of $181.27 million. During the same quarter in the prior year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis.
Several equities analysts have recently weighed in on HURN shares. TheStreet cut Huron Consulting Group from a “c” rating to a “d+” rating in a report on Monday, July 31st. William Blair raised Huron Consulting Group from a “market perform” rating to an “outperform” rating in a report on Friday, September 8th. Zacks Investment Research cut Huron Consulting Group from a “hold” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $48.00 price target on shares of Huron Consulting Group in a report on Friday, October 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $48.00.
Huron Consulting Group (HURN) opened at $37.75 on Friday. The firm has a market capitalization of $837.60, a price-to-earnings ratio of 18.46, a PEG ratio of 1.14 and a beta of 0.06. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.45 and a current ratio of 1.45. Huron Consulting Group has a twelve month low of $29.52 and a twelve month high of $55.55.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacad Investment Ltd. lifted its holdings in shares of Huron Consulting Group by 80.0% during the 2nd quarter. Pacad Investment Ltd. now owns 2,700 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,200 shares during the period. Victory Capital Management Inc. raised its holdings in Huron Consulting Group by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,485 shares of the business services provider’s stock worth $151,000 after purchasing an additional 524 shares during the period. Bank of Montreal Can bought a new position in Huron Consulting Group in the 2nd quarter worth $177,000. BNP Paribas Arbitrage SA raised its holdings in Huron Consulting Group by 194.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,151 shares of the business services provider’s stock worth $179,000 after purchasing an additional 2,739 shares during the period. Finally, LaSalle Street Capital Management LLC bought a new position in Huron Consulting Group in the 2nd quarter worth $238,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.
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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