Analysts predict that Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating) will announce $247.35 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Huron Consulting Group’s earnings. The highest sales estimate is $254.40 million and the lowest is $242.10 million. Huron Consulting Group posted sales of $230.13 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Huron Consulting Group will report full-year sales of $1.03 billion for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post sales of $1.10 billion, with estimates ranging from $1.08 billion to $1.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.20. Huron Consulting Group had a return on equity of 10.67% and a net margin of 8.56%. The business had revenue of $260.00 million during the quarter, compared to analysts’ expectations of $234.67 million. During the same period in the previous year, the business earned $0.35 earnings per share. The business’s revenue was up 28.0% compared to the same quarter last year.
A number of analysts have recently commented on HURN shares. TheStreet raised shares of Huron Consulting Group from a “c+” rating to a “b-” rating in a research note on Thursday, April 21st. Zacks Investment Research upgraded Huron Consulting Group from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Monday, February 28th. Barrington Research raised their target price on Huron Consulting Group from $72.00 to $75.00 in a research report on Friday. Finally, StockNews.com cut Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Monday.
In other Huron Consulting Group news, COO C. Mark Hussey sold 6,144 shares of the business’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $48.58, for a total transaction of $298,475.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James H. Roth sold 16,000 shares of the business’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $46.22, for a total value of $739,520.00. The disclosure for this sale can be found here. Insiders have sold 22,444 shares of company stock worth $1,051,907 over the last 90 days. 2.02% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HURN. Rice Hall James & Associates LLC boosted its holdings in Huron Consulting Group by 17.9% in the 3rd quarter. Rice Hall James & Associates LLC now owns 70,477 shares of the business services provider’s stock valued at $3,665,000 after purchasing an additional 10,690 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Huron Consulting Group by 13.8% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 28,979 shares of the business services provider’s stock valued at $1,507,000 after purchasing an additional 3,513 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Huron Consulting Group in the 3rd quarter valued at $5,639,000. Essex Investment Management Co. LLC acquired a new position in shares of Huron Consulting Group in the 3rd quarter valued at $1,389,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Huron Consulting Group in the 3rd quarter valued at $158,000. 92.94% of the stock is currently owned by institutional investors.
Shares of NASDAQ HURN opened at $54.45 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.26 and a current ratio of 2.14. The business has a fifty day moving average of $49.31. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 13.78 and a beta of 0.70. Huron Consulting Group has a one year low of $42.66 and a one year high of $56.92.
About Huron Consulting Group (Get Rating)
Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Business Advisory, and Education. The Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, medical groups, and health plans.
Featured Articles
Get a free copy of the Zacks research report on Huron Consulting Group (HURN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Want More Great Investing Ideas?
Receive News & Ratings for Huron Consulting Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Huron Consulting Group and related companies with MarketBeat.com’s FREE daily email newsletter.
