Huron Consulting Group (NASDAQ:HURN) Issues Earnings Results

Huron Consulting Group (NASDAQ:HURN) issued its quarterly earnings results on Tuesday. The business services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.20, Briefing.com reports. Huron Consulting Group had a return on equity of 20.19% and a net margin of 5.46%. The company had revenue of $371.70 million during the quarter, compared to analysts’ expectations of $374.33 million. During the same quarter in the previous year, the firm posted $1.38 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. Huron Consulting Group updated its FY24 guidance to $5.85-$6.15 EPS and its FY 2024 guidance to 5.850-6.150 EPS.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock traded up $2.34 on Thursday, hitting $112.35. The company’s stock had a trading volume of 277,743 shares, compared to its average volume of 141,913. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.40 and a current ratio of 2.40. Huron Consulting Group has a 1 year low of $84.26 and a 1 year high of $115.65. The firm has a fifty day moving average price of $98.85 and a 200-day moving average price of $97.59. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 31.21 and a beta of 0.61.

Analyst Upgrades and Downgrades

A number of analysts have commented on HURN shares. Wedbush reaffirmed an “outperform” rating and set a $110.00 price target on shares of Huron Consulting Group in a research report on Thursday, May 23rd. Barrington Research reaffirmed an “outperform” rating and set a $133.00 price target on shares of Huron Consulting Group in a research report on Tuesday, May 28th. Truist Financial reissued a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Thursday, May 16th. Benchmark reissued a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday. Finally, StockNews.com cut Huron Consulting Group from a “hold” rating to a “sell” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, Huron Consulting Group presently has an average rating of “Moderate Buy” and an average target price of $130.75.

Insider Activity at Huron Consulting Group

In related news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $89.00, for a total value of $26,700.00. Following the completion of the transaction, the director now owns 57,988 shares in the company, valued at approximately $5,160,932. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $89.00, for a total value of $26,700.00. Following the completion of the transaction, the director now owns 57,988 shares in the company, valued at approximately $5,160,932. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C. Mark Hussey sold 34,013 shares of Huron Consulting Group stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the completion of the transaction, the chief executive officer now owns 85,081 shares of the company’s stock, valued at approximately $8,566,805.89. The disclosure for this sale can be found here. Insiders sold a total of 35,872 shares of company stock worth $3,601,300 in the last 90 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.