Huron Consulting Group (NASDAQ:HURN) – Research analysts at SunTrust Banks raised their FY2018 earnings per share estimates for shares of Huron Consulting Group in a research note issued to investors on Wednesday, October 31st. SunTrust Banks analyst T. Sommer now anticipates that the business services provider will post earnings per share of $2.11 for the year, up from their previous estimate of $2.08. SunTrust Banks has a “Buy” rating and a $52.00 price target on the stock.
Several other equities research analysts have also recently commented on HURN. Benchmark upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, August 1st. Zacks Investment Research upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of Huron Consulting Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 6th. ValuEngine upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Monday, July 30th. Finally, TheStreet upgraded shares of Huron Consulting Group from a “d+” rating to a “c-” rating in a research report on Friday, July 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $53.67.
Shares of Huron Consulting Group stock opened at $52.82 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Huron Consulting Group has a 52 week low of $32.05 and a 52 week high of $55.31. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.67 and a beta of 0.08.
Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, October 30th. The business services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Huron Consulting Group had a negative net margin of 2.23% and a positive return on equity of 9.01%. The firm 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 earned $0.43 earnings per share. Huron Consulting Group’s revenue for the quarter was up 12.5% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of HURN. Millennium Management LLC raised its holdings in Huron Consulting Group by 265.9% during the 2nd quarter. Millennium Management LLC now owns 316,539 shares of the business services provider’s stock worth $12,946,000 after buying an additional 230,019 shares during the period. SG Capital Management LLC acquired a new stake in Huron Consulting Group during the 2nd quarter worth about $6,360,000. Intrinsic Edge Capital Management LLC acquired a new stake in Huron Consulting Group during the 2nd quarter worth about $3,272,000. Renaissance Technologies LLC raised its holdings in Huron Consulting Group by 122.4% during the 2nd quarter. Renaissance Technologies LLC now owns 104,858 shares of the business services provider’s stock worth $4,289,000 after buying an additional 57,700 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Huron Consulting Group by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,519,499 shares of the business services provider’s stock worth $62,148,000 after buying an additional 43,094 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.
In other Huron Consulting Group news, CEO James H. Roth sold 17,500 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $48.97, for a total transaction of $856,975.00. Following the sale, the chief executive officer now 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 is available through this link. Also, 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 value of $36,169.35. Following the sale, the director now owns 24,371 shares in the company, valued at approximately $1,199,296.91. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.
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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