Huron Consulting Group (HURN) Expected to Announce Quarterly Sales of $189.42 Million

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

On average, 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 financial year, analysts anticipate that the business will post sales of $755.48 million per share, with estimates ranging from $747.43 million to $763.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Huron Consulting Group.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.43 earnings per share (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 during the quarter, compared to the consensus estimate of $181.27 million. During the same period last year, the firm earned $0.92 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis.

HURN has been the topic of several research reports. BidaskClub lowered shares of Huron Consulting Group from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th. SunTrust Banks reissued a “buy” rating and issued a $48.00 price target on shares of Huron Consulting Group in a research report on Friday, October 20th. Finally, Zacks Investment Research raised shares of Huron Consulting Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Huron Consulting Group currently has an average rating of “Hold” and an average target price of $48.00.

Shares of Huron Consulting Group (HURN) opened at $42.65 on Monday. Huron Consulting Group has a 12-month low of $29.52 and a 12-month high of $47.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $943.82, a P/E ratio of -6.72, a PEG ratio of 1.16 and a beta of 0.12.

Several hedge funds and other institutional investors have recently bought and sold shares of HURN. Victory Capital Management Inc. increased its holdings in Huron Consulting Group by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,485 shares of the business services provider’s stock worth $151,000 after acquiring an additional 524 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Huron Consulting Group by 194.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,151 shares of the business services provider’s stock worth $179,000 after acquiring an additional 2,739 shares during the period. Trexquant Investment LP bought a new stake in Huron Consulting Group during the 3rd quarter worth approximately $200,000. Nisa Investment Advisors LLC increased its holdings in Huron Consulting Group by 100.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,000 shares of the business services provider’s stock worth $243,000 after acquiring an additional 3,000 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Huron Consulting Group during the 3rd quarter worth approximately $211,000. 89.70% of the stock is currently owned by institutional investors.

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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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