William Blair Has Bullish Estimate for HURN FY2024 Earnings

Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) - Analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for shares of Huron Consulting Group in a research note issued on Wednesday, October 30th. William Blair analyst A. Nicholas now expects that the business services provider will post earnings per share of $6.09 for the year, up from their previous forecast of $6.06. The consensus estimate for Huron Consulting Group's current full-year earnings is $5.95 per share. William Blair also issued estimates for Huron Consulting Group's Q1 2025 earnings at $1.14 EPS, Q3 2025 earnings at $2.04 EPS and FY2025 earnings at $7.00 EPS.

A number of other equities research analysts have also issued reports on the company. Benchmark reissued a "buy" rating and set a $140.00 price target on shares of Huron Consulting Group in a research note on Wednesday. Barrington Research reissued an "outperform" rating and set a $137.00 price target on shares of Huron Consulting Group in a research note on Monday, September 9th. Finally, StockNews.com raised Huron Consulting Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $131.75.

Huron Consulting Group Trading Down 0.4 %

Shares of HURN stock traded down $0.42 on Thursday, reaching $115.73. 198,340 shares of the company's stock were exchanged, compared to its average volume of 125,046. Huron Consulting Group has a 52 week low of $84.26 and a 52 week high of $118.10. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $2.06 billion, a PE ratio of 25.16 and a beta of 0.61. The company's fifty day simple moving average is $107.27 and its 200 day simple moving average is $100.56.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.11. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The firm had revenue of $370.00 million during the quarter, compared to analyst estimates of $377.63 million. During the same period last year, the company earned $1.39 EPS. Huron Consulting Group's quarterly revenue was up 3.3% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Partners lifted its position in Huron Consulting Group by 36.6% during the 1st quarter. Boston Partners now owns 922,254 shares of the business services provider's stock worth $88,994,000 after acquiring an additional 247,218 shares during the period. F M Investments LLC acquired a new position in Huron Consulting Group in the 2nd quarter worth about $10,202,000. William Blair Investment Management LLC acquired a new position in Huron Consulting Group in the 2nd quarter worth about $9,533,000. Assenagon Asset Management S.A. raised its holdings in Huron Consulting Group by 240.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 136,307 shares of the business services provider's stock worth $13,426,000 after purchasing an additional 96,308 shares during the period. Finally, Kennedy Capital Management LLC purchased a new stake in Huron Consulting Group during the 1st quarter worth approximately $5,614,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huron Consulting Group

In other news, insider Kyle Featherstone sold 820 shares of Huron Consulting Group stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $108.07, for a total value of $88,617.40. Following the transaction, the insider now directly owns 1,565 shares in the company, valued at approximately $169,129.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Kyle Featherstone sold 820 shares of Huron Consulting Group stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $108.07, for a total value of $88,617.40. Following the transaction, the insider now directly owns 1,565 shares in the company, valued at approximately $169,129.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $102.61, for a total value of $106,919.62. Following the completion of the transaction, the director now owns 30,924 shares in the company, valued at $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 sold a total of 11,168 shares of company stock valued at $1,170,515 in the last ninety days. Corporate insiders own 2.02% of the company's stock.

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.