Huron Consulting Group (NASDAQ:HURN) Updates FY 2024 Earnings Guidance

Huron Consulting Group (NASDAQ:HURN) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 6.000-6.200 for the period, compared to the consensus earnings per share estimate of 6.000. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion. Huron Consulting Group also updated its FY24 guidance to $6.00-$6.20 EPS.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Benchmark restated a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research report on Wednesday. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $137.00 price target on shares of Huron Consulting Group in a research note on Monday, September 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $131.75.

Huron Consulting Group Trading Down 0.4 %

Shares of NASDAQ HURN traded down $0.42 during trading on Thursday, hitting $115.73. 198,340 shares of the company traded hands, compared to its average volume of 125,046. The firm has a market capitalization of $2.06 billion, a P/E ratio of 25.16 and a beta of 0.61. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $107.27 and a 200-day moving average price of $100.56. Huron Consulting Group has a 1 year low of $84.26 and a 1 year high of $118.10.

Huron Consulting Group (NASDAQ:HURN) last posted its 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. The firm had revenue of $370.00 million during 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 company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. On average, equities analysts predict that Huron Consulting Group will post 5.95 EPS for the current year.

Insider Transactions at Huron Consulting Group

In other news, insider Kyle Featherstone sold 820 shares of Huron Consulting Group stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $108.07, for a total transaction of $88,617.40. Following the sale, the insider now owns 1,565 shares in the company, valued at $169,129.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $108.07, for a total transaction of $88,617.40. Following the completion of the sale, the insider now directly owns 1,565 shares in the company, valued at $169,129.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $102.61, for a total value of $106,919.62. Following the sale, 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 11,168 shares of company stock valued at $1,170,515 over the last quarter. Company 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.