Wall Street brokerages expect Huron Consulting Group (NASDAQ:HURN) to post $0.68 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Huron Consulting Group’s earnings, with estimates ranging from $0.66 to $0.69. Huron Consulting Group also reported earnings per share of $0.68 in the same quarter last year. The company is expected to announce its next earnings report on Tuesday, February 26th.
On average, analysts expect that Huron Consulting Group will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.08 to $2.11. For the next financial year, analysts expect that the company will post earnings of $2.38 per share, with EPS estimates ranging from $2.37 to $2.40. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, October 30th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.05. Huron Consulting Group had a positive return on equity of 8.93% and a negative net margin of 2.23%. The business had revenue of $198.45 million for the quarter, compared to analysts’ expectations of $187.49 million. During the same period in the previous year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Monday, September 3rd. BidaskClub upgraded Huron Consulting Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 29th. Benchmark reiterated a “buy” rating and set a $54.00 price target (up from $52.00) on shares of Huron Consulting Group in a research report on Tuesday, September 18th. Finally, Barrington Research upgraded Huron Consulting Group from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research report on Tuesday, August 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Huron Consulting Group currently has a consensus rating of “Buy” and a consensus price target of $55.75.
Huron Consulting Group stock traded up $0.48 during midday trading on Friday, reaching $52.11. The stock had a trading volume of 79,723 shares, compared to its average volume of 94,501. Huron Consulting Group has a 12 month low of $32.05 and a 12 month high of $57.00. The stock has a market capitalization of $1.16 billion, a P/E ratio of 24.24, a P/E/G ratio of 1.82 and a beta of -0.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.37 and a current ratio of 1.37.
In other news, Director James D. Edwards sold 735 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $49.21, for a total transaction of $36,169.35. Following the completion of the transaction, the director now owns 24,371 shares of the company’s stock, valued at $1,199,296.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James H. Roth sold 17,500 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $51.28, for a total value of $897,400.00. Following the transaction, the chief executive officer now directly owns 207,897 shares of the company’s stock, valued at approximately $10,660,958.16. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in shares of Huron Consulting Group by 83.8% during the second quarter. Advisors Asset Management Inc. now owns 10,795 shares of the business services provider’s stock worth $187,000 after purchasing an additional 4,923 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Huron Consulting Group during the third quarter worth about $201,000. SG Americas Securities LLC grew its holdings in shares of Huron Consulting Group by 50.2% during the second quarter. SG Americas Securities LLC now owns 5,244 shares of the business services provider’s stock worth $214,000 after purchasing an additional 1,752 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of Huron Consulting Group during the third quarter worth about $217,000. Finally, Man Group plc purchased a new stake in Huron Consulting Group in the third quarter worth approximately $218,000. 89.22% of the stock is owned by institutional investors.
About Huron Consulting Group
Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational performance, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.
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