Analysts Anticipate Huron Consulting Group (HURN) Will Announce Quarterly Sales of $189.42 Million

Wall Street brokerages forecast that Huron Consulting Group (NASDAQ:HURN) will post $189.42 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Huron Consulting Group’s earnings, with estimates ranging from $186.10 million to $195.06 million. Huron Consulting Group posted sales of $195.20 million in the same quarter last year, which would indicate a negative year over year growth rate of 3%. The company is scheduled to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Huron Consulting Group will report full year sales of $189.42 million for the current year, with estimates ranging from $732.70 million to $741.71 million. For the next year, analysts expect that the firm will report sales of $755.48 million per share, with estimates ranging from $747.43 million to $763.10 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Huron Consulting Group.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Wednesday, November 1st. 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). The firm had revenue of $176.40 million during the quarter, compared to analysts’ expectations of $181.27 million. Huron Consulting Group had a positive return on equity of 7.50% and a negative net margin of 17.09%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Huron Consulting Group from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. SunTrust Banks reiterated a “buy” rating and issued a $48.00 price objective on shares of Huron Consulting Group in a report on Friday, October 20th. Finally, William Blair upgraded Huron Consulting Group from a “market perform” rating to an “outperform” rating in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $48.00.

Institutional investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. boosted its position in shares of Huron Consulting Group by 80.0% during the second 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 last quarter. Victory Capital Management Inc. lifted its holdings 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 valued at $151,000 after acquiring an additional 524 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Huron Consulting Group by 194.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,151 shares of the business services provider’s stock valued at $179,000 after acquiring an additional 2,739 shares during the period. Trexquant Investment LP bought a new position in Huron Consulting Group in the third quarter valued at about $200,000. Finally, Cubist Systematic Strategies LLC bought a new position in Huron Consulting Group in the third quarter valued at about $211,000. 89.59% of the stock is currently owned by institutional investors.

Shares of Huron Consulting Group (NASDAQ:HURN) traded up $0.40 during mid-day trading on Friday, reaching $40.30. The company’s stock had a trading volume of 50,900 shares, compared to its average volume of 61,667. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.71. Huron Consulting Group has a 12-month low of $29.52 and a 12-month high of $47.65. The company has a market capitalization of $891.81, a P/E ratio of -6.32, a P/E/G ratio of 1.09 and a beta of 0.12.

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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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