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

Analysts expect that Huron Consulting Group (NASDAQ:HURN) will report sales of $189.42 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Huron Consulting Group’s earnings. The highest sales estimate is $195.06 million and the lowest is $186.10 million. Huron Consulting Group posted sales of $195.20 million during the same quarter last year, which indicates a negative year over year growth rate of 3%. The company is scheduled to announce its next earnings results 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 year, analysts expect that the firm will post sales of $755.48 million per share, with estimates ranging from $747.43 million to $763.10 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Huron Consulting Group.

Several equities research analysts recently commented on HURN shares. Zacks Investment Research upgraded shares of Huron Consulting Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 16th. SunTrust Banks restated 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, BidaskClub downgraded shares of Huron Consulting Group from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Huron Consulting Group presently has a consensus rating of “Hold” and a consensus target price of $48.00.

A number of hedge funds have recently added to or reduced their stakes in the business. Van Berkom & Associates Inc. lifted its position in Huron Consulting Group by 68.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,916,609 shares of the business services provider’s stock worth $65,740,000 after buying an additional 776,995 shares in the last quarter. Vanguard Group Inc. lifted its position in Huron Consulting Group by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,818,993 shares of the business services provider’s stock worth $78,580,000 after buying an additional 64,593 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Huron Consulting Group by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,425,586 shares of the business services provider’s stock worth $61,585,000 after buying an additional 151,495 shares in the last quarter. Boston Partners lifted its position in Huron Consulting Group by 70.2% in the 4th quarter. Boston Partners now owns 1,286,433 shares of the business services provider’s stock worth $52,036,000 after buying an additional 530,580 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Huron Consulting Group by 60.4% in the 3rd quarter. American Century Companies Inc. now owns 515,311 shares of the business services provider’s stock worth $17,675,000 after buying an additional 193,994 shares in the last quarter. Institutional investors own 90.10% of the company’s stock.

Shares of Huron Consulting Group (NASDAQ:HURN) opened at $40.10 on Thursday. 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 company has a market cap of $880.75, a P/E ratio of -6.31, a P/E/G ratio of 1.09 and a beta of 0.10. Huron Consulting Group has a 12-month low of $29.52 and a 12-month high of $47.45.

ILLEGAL ACTIVITY WARNING: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/08/huron-consulting-group-hurn-expected-to-post-quarterly-sales-of-189-42-million.html.

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.

Get a free copy of the Zacks research report on Huron Consulting Group (HURN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Huron Consulting Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huron Consulting Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply