Wall Street analysts forecast that Huron Consulting Group (NASDAQ:HURN) will post $187.33 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Huron Consulting Group’s earnings, with estimates ranging from $183.40 million to $189.60 million. Huron Consulting Group reported sales of $194.36 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.6%. The firm is expected to issue its next earnings report on Wednesday, November 7th.
On average, analysts expect that Huron Consulting Group will report full year sales of $765.12 million for the current year, with estimates ranging from $763.33 million to $766.90 million. For the next fiscal year, analysts forecast that the business will report sales of $799.90 million, with estimates ranging from $784.00 million to $811.40 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). Huron Consulting Group had a negative net margin of 2.79% and a positive return on equity of 8.02%. The company had revenue of $197.50 million during the quarter, compared to analyst estimates of $185.73 million. During the same quarter in the previous year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research note on Monday, September 3rd. BidaskClub upgraded shares of 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 target price (up from $52.00) on shares of Huron Consulting Group in a research report on Tuesday, September 18th. Barrington Research upgraded shares of Huron Consulting Group from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a research report on Tuesday, August 28th. Finally, SunTrust Banks reiterated a “buy” rating and set a $52.00 target price on shares of Huron Consulting Group in a research report on Wednesday, August 1st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Huron Consulting Group presently has an average rating of “Buy” and a consensus price target of $53.67.
In related news, CEO James H. Roth sold 17,500 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $48.97, for a total transaction of $856,975.00. Following the sale, the chief executive officer now directly owns 215,397 shares in the company, valued at approximately $10,547,991.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James D. Edwards sold 735 shares of Huron Consulting Group stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $49.21, for a total transaction of $36,169.35. Following the sale, the director now owns 24,371 shares in the company, valued at $1,199,296.91. The disclosure for this sale can be found here. 3.08% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Huron Consulting Group during the 1st quarter worth approximately $133,000. Asset Management One Co. Ltd. raised its holdings in Huron Consulting Group by 42.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 5,040 shares of the business services provider’s stock worth $192,000 after purchasing an additional 1,500 shares during the last quarter. Aperio Group LLC bought a new position in Huron Consulting Group during the 1st quarter worth approximately $236,000. Sterling Capital Management LLC bought a new position in Huron Consulting Group during the 2nd quarter worth approximately $343,000. Finally, Advisors Asset Management Inc. raised its holdings in Huron Consulting Group by 83.8% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 88.94% of the company’s stock.
Shares of HURN traded down $1.86 during mid-day trading on Friday, reaching $46.43. The company had a trading volume of 155,485 shares, compared to its average volume of 112,207. Huron Consulting Group has a 1-year low of $32.05 and a 1-year high of $51.70. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.11 billion, a P/E ratio of 21.60, a PEG ratio of 1.76 and a beta of 0.08.
Huron Consulting Group Company Profile
Huron Consulting Group, Inc engages in the provision of operational and financial consulting services. It operates through the following business segments: Healthcare, Education, Business Advisory, and All Other. The Healthcare segment provides advisory services in the areas of organizational and resource alignment; clinical transformation; financial and operational performance; patient and caregiver engagement; and technology implementation and optimization.
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