Huron Consulting Group (NASDAQ:HURN) Updates FY 2024 Earnings Guidance

Huron Consulting Group (NASDAQ:HURN) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 5.600-6.100 for the period, compared to the consensus estimate of 5.650. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion. Huron Consulting Group also updated its FY24 guidance to $5.60-6.10 EPS.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Huron Consulting Group from a buy rating to a hold rating in a research note on Wednesday, February 28th. Barrington Research boosted their target price on shares of Huron Consulting Group from $128.00 to $133.00 and gave the stock an outperform rating in a research note on Wednesday, March 6th.

Huron Consulting Group Stock Down 0.5 %

Shares of HURN stock traded down $0.44 on Tuesday, reaching $93.24. 153,217 shares of the stock were exchanged, compared to its average volume of 118,551. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average price is $96.21 and its 200 day moving average price is $100.59. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 29.14 and a beta of 0.58. Huron Consulting Group has a twelve month low of $70.66 and a twelve month high of $113.31.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.17. Huron Consulting Group had a net margin of 4.47% and a return on equity of 17.77%. The company had revenue of $339.23 million during the quarter, compared to the consensus estimate of $341.71 million. During the same quarter in the prior year, the firm posted $1.12 earnings per share. Huron Consulting Group’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that Huron Consulting Group will post 5.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In other news, EVP Ernest W. Jr. Torain sold 650 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $100.00, for a total value of $65,000.00. Following the completion of the sale, the executive vice president now directly owns 15,050 shares of the company’s stock, valued at $1,505,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $103.22, for a total value of $206,440.00. Following the completion of the sale, the director now directly owns 68,040 shares of the company’s stock, valued at $7,023,088.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ernest W. Jr. Torain sold 650 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $100.00, for a total transaction of $65,000.00. Following the completion of the sale, the executive vice president now directly owns 15,050 shares of the company’s stock, valued at $1,505,000. The disclosure for this sale can be found here. Insiders sold 42,080 shares of company stock worth $4,146,076 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Huron Consulting Group Company Profile

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.