Huron Consulting Group (NASDAQ:HURN) Updates FY24 Earnings Guidance

Huron Consulting Group (NASDAQ:HURN) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.00-$6.20 for the period, compared to the consensus estimate of $6.00. The company issued revenue guidance of $1.47-$1.49 billion, compared to the consensus revenue estimate of $1.48 billion. Huron Consulting Group also updated its FY 2024 guidance to 6.000-6.200 EPS.

Analyst Ratings Changes

A number of analysts have recently issued reports on HURN shares. Benchmark reaffirmed a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Barrington Research reiterated an “outperform” rating and issued a $137.00 price objective on shares of Huron Consulting Group in a report on Monday, September 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $131.75.

Huron Consulting Group Trading Down 0.4 %

HURN stock traded down $0.42 during midday trading on Thursday, hitting $115.73. The company had a trading volume of 198,340 shares, compared to its average volume of 125,046. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 25.16 and a beta of 0.61. 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’s 50 day moving average price is $107.27 and its 200 day moving average price is $100.56.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. The company had revenue of $370.00 million for the quarter, compared to the consensus estimate of $377.63 million. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.44%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 earnings per share. As a group, equities research analysts expect that Huron Consulting Group will post 5.95 earnings per share for the current fiscal year.

Insider Activity

In other Huron Consulting Group news, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $103.13, for a total value of $412,520.00. Following the completion of the sale, the chief executive officer now owns 81,081 shares in the company, valued at approximately $8,361,883.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Huron Consulting Group news, insider Kyle Featherstone sold 820 shares of Huron Consulting Group stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $108.07, for a total transaction of $88,617.40. Following the sale, the insider now directly owns 1,565 shares of the company’s stock, valued at approximately $169,129.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was 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 directly owns 81,081 shares of the company’s stock, valued at $8,361,883.53. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,168 shares of company stock valued at $1,170,515. Insiders own 2.02% of the company’s stock.

Huron Consulting Group Company Profile

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.