Huron Consulting Group (NASDAQ:HURN) – Research analysts at Barrington Research cut their Q2 2019 earnings estimates for shares of Huron Consulting Group in a note issued to investors on Monday, May 6th. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings per share of $0.58 for the quarter, down from their prior estimate of $0.64. Barrington Research currently has a “Buy” rating and a $57.00 price target on the stock. Barrington Research also issued estimates for Huron Consulting Group’s Q3 2019 earnings at $0.62 EPS, Q4 2019 earnings at $0.78 EPS and FY2020 earnings at $2.56 EPS.
Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, April 30th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. The business had revenue of $204.45 million for the quarter, compared to analyst estimates of $199.92 million. Huron Consulting Group had a return on equity of 9.44% and a net margin of 2.27%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS.
Shares of NASDAQ HURN opened at $48.53 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Huron Consulting Group has a one year low of $35.60 and a one year high of $57.00. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.55 and a beta of -0.04.
In other Huron Consulting Group news, CEO James H. Roth sold 17,500 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $47.10, for a total value of $824,250.00. Following the transaction, the chief executive officer now directly owns 207,720 shares of the company’s stock, valued at approximately $9,783,612. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.86% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Huron Consulting Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,942,818 shares of the business services provider’s stock valued at $95,976,000 after acquiring an additional 35,140 shares during the period. Vanguard Group Inc lifted its position in shares of Huron Consulting Group by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 1,942,818 shares of the business services provider’s stock valued at $95,976,000 after acquiring an additional 35,140 shares during the period. Boston Partners lifted its position in shares of Huron Consulting Group by 1.2% during the 4th quarter. Boston Partners now owns 1,440,764 shares of the business services provider’s stock valued at $73,926,000 after acquiring an additional 16,834 shares during the period. Atlanta Capital Management Co. L L C lifted its position in shares of Huron Consulting Group by 10.6% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 600,134 shares of the business services provider’s stock valued at $30,793,000 after acquiring an additional 57,699 shares during the period. Finally, Norges Bank bought a new stake in shares of Huron Consulting Group during the 4th quarter valued at $27,585,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.
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 excellence, 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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