Huron Consulting Group Inc. to Post Q2 2024 Earnings of $1.47 Per Share, Barrington Research Forecasts (NASDAQ:HURN)

Huron Consulting Group Inc. (NASDAQ:HURN) – Equities research analysts at Barrington Research dropped their Q2 2024 earnings per share estimates for shares of Huron Consulting Group in a research note issued on Monday, May 6th. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings of $1.47 per share for the quarter, down from their prior forecast of $1.55. Barrington Research has a “Outperform” rating and a $133.00 price target on the stock. The consensus estimate for Huron Consulting Group’s current full-year earnings is $5.75 per share. Barrington Research also issued estimates for Huron Consulting Group’s Q3 2024 earnings at $1.59 EPS, Q4 2024 earnings at $1.56 EPS, FY2024 earnings at $5.85 EPS and FY2025 earnings at $6.80 EPS.

Several other brokerages have also recently weighed in on HURN. Benchmark reissued a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, May 1st. StockNews.com cut Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th.

Huron Consulting Group Trading Down 0.7 %

Shares of NASDAQ HURN opened at $87.09 on Wednesday. The firm has a 50 day moving average price of $94.14 and a two-hundred day moving average price of $99.97. The stock has a market cap of $1.57 billion, a P/E ratio of 25.10 and a beta of 0.59. Huron Consulting Group has a 52-week low of $76.17 and a 52-week high of $113.31. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.40 and a current ratio of 2.40.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.35. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The company had revenue of $355.96 million for the quarter, compared to analysts’ expectations of $348.80 million. During the same period in the previous year, the business posted $0.87 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year.

Hedge Funds Weigh In On Huron Consulting Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Securities Inc. acquired a new position in Huron Consulting Group during the 4th quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in shares of Huron Consulting Group during the fourth quarter worth approximately $42,000. Quest Partners LLC bought a new position in shares of Huron Consulting Group in the 4th quarter worth $97,000. Headlands Technologies LLC grew its position in Huron Consulting Group by 2,020.0% in the 4th quarter. Headlands Technologies LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 909 shares during the period. Finally, USA Financial Formulas increased its stake in Huron Consulting Group by 3,273.3% during the 4th quarter. USA Financial Formulas now owns 1,012 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 982 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $104.48, for a total transaction of $417,920.00. Following the completion of the sale, the chief executive officer now directly owns 98,286 shares in the company, valued at approximately $10,268,921.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO C. Mark Hussey sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $104.48, for a total transaction of $417,920.00. Following the completion of the sale, the chief executive officer now owns 98,286 shares of the company’s stock, valued at approximately $10,268,921.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.13, for a total transaction of $29,439.00. Following the completion of the sale, the director now owns 56,919 shares of the company’s stock, valued at approximately $5,585,461.47. The disclosure for this sale can be found here. Insiders have sold a total of 40,380 shares of company stock worth $3,966,654 over the last quarter. Company insiders own 2.20% of the company’s stock.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.