Equities research analysts predict that Huron Consulting Group (NASDAQ:HURN) will report $181.24 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Huron Consulting Group’s earnings, with the highest sales estimate coming in at $182.61 million and the lowest estimate coming in at $179.20 million. Huron Consulting Group reported sales of $188.85 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4%. The business is expected to issue its next earnings results on Monday, May 7th.
According to Zacks, analysts expect that Huron Consulting Group will report full year sales of $181.24 million for the current year, with estimates ranging from $740.00 million to $742.80 million. For the next fiscal year, analysts forecast that the business will post sales of $774.83 million per share, with estimates ranging from $771.88 million to $779.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The business had revenue of $205.24 million during the quarter, compared to analysts’ expectations of $189.42 million. Huron Consulting Group had a negative net margin of 21.06% and a positive return on equity of 8.43%.
In other news, CEO James H. Roth sold 17,500 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $34.94, for a total value of $611,450.00. Following the sale, the chief executive officer now directly owns 233,190 shares of the company’s stock, valued at approximately $8,147,658.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in Huron Consulting Group by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 17,114 shares of the business services provider’s stock worth $739,000 after buying an additional 220 shares in the last quarter. Swiss National Bank boosted its holdings in Huron Consulting Group by 5.3% during the fourth quarter. Swiss National Bank now owns 37,700 shares of the business services provider’s stock worth $1,525,000 after buying an additional 1,900 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Huron Consulting Group by 100.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,000 shares of the business services provider’s stock worth $243,000 after buying an additional 3,000 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Huron Consulting Group by 109.3% during the third quarter. SG Americas Securities LLC now owns 7,150 shares of the business services provider’s stock worth $245,000 after buying an additional 3,734 shares in the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in Huron Consulting Group during the fourth quarter worth $210,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Huron Consulting Group (NASDAQ HURN) opened at $36.85 on Wednesday. The company has a market cap of $814.01, a price-to-earnings ratio of -4.63, a PEG ratio of 1.22 and a beta of 0.23. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. Huron Consulting Group has a twelve month low of $29.52 and a twelve month high of $46.85.
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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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