Brokers Offer Predictions for HURN FY2024 Earnings

Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) - Equities researchers at Barrington Research increased their FY2024 earnings per share (EPS) estimates for shares of Huron Consulting Group in a note issued to investors on Monday, November 4th. Barrington Research analyst K. Steinke now anticipates that the business services provider will earn $6.10 per share for the year, up from their previous estimate of $5.87. Barrington Research currently has a "Outperform" rating and a $142.00 target price on the stock. The consensus estimate for Huron Consulting Group's current full-year earnings is $6.11 per share. Barrington Research also issued estimates for Huron Consulting Group's FY2025 earnings at $6.91 EPS.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.11. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $370.00 million during the quarter, compared to analyst estimates of $377.63 million. During the same period in the prior year, the company posted $1.39 earnings per share. The business's revenue for the quarter was up 3.3% compared to the same quarter last year.

Several other research analysts also recently issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. StockNews.com raised shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group currently has a consensus rating of "Buy" and a consensus price target of $133.00.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock traded up $7.81 during mid-day trading on Wednesday, reaching $128.13. 167,919 shares of the stock were exchanged, compared to its average volume of 125,121. The firm has a 50-day simple moving average of $108.09 and a 200 day simple moving average of $101.37. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group has a fifty-two week low of $84.26 and a fifty-two week high of $131.06. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 26.16 and a beta of 0.60.

Insider Activity

In related news, Director H Eugene Lockhart sold 1,042 shares of the firm's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $102.61, for a total transaction of $106,919.62. Following the sale, the director now directly owns 30,924 shares in the company, valued at $3,173,111.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO C. Mark Hussey sold 4,000 shares of the firm's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $103.13, for a total value of $412,520.00. Following the completion of the transaction, the chief executive officer now owns 81,081 shares of the company's stock, valued at approximately $8,361,883.53. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $102.61, for a total transaction of $106,919.62. Following the transaction, the director now owns 30,924 shares of the company's stock, valued at approximately $3,173,111.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,390 shares of company stock worth $890,312 in the last 90 days. Corporate insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Simplicity Wealth LLC acquired a new position in Huron Consulting Group during the second quarter worth $584,000. Vanguard Group Inc. lifted its stake in Huron Consulting Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider's stock valued at $200,378,000 after purchasing an additional 25,905 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Huron Consulting Group by 435.2% in the 2nd quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider's stock valued at $6,370,000 after purchasing an additional 52,589 shares during the last quarter. Covestor Ltd grew its holdings in Huron Consulting Group by 26,500.0% during the first quarter. Covestor Ltd now owns 266 shares of the business services provider's stock worth $26,000 after purchasing an additional 265 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in Huron Consulting Group in the second quarter valued at approximately $9,533,000. 93.90% of the stock is currently owned by institutional investors.

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.