Huron Consulting Group (NASDAQ:HURN) Releases Earnings Results, Beats Estimates By $0.11 EPS

Huron Consulting Group (NASDAQ:HURN) posted its earnings results on Tuesday. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.57 by $0.11, Briefing.com reports. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $370.00 million for the quarter, compared to analyst estimates of $377.63 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. Huron Consulting Group’s revenue for the quarter was up 3.3% compared to the same quarter last year. Huron Consulting Group updated its FY24 guidance to $6.00-$6.20 EPS and its FY 2024 guidance to 6.000-6.200 EPS.

Huron Consulting Group Stock Performance

NASDAQ HURN traded down $2.36 on Friday, reaching $113.37. The stock had a trading volume of 35,979 shares, compared to its average volume of 124,625. The stock has a market cap of $2.01 billion, a P/E ratio of 24.84 and a beta of 0.61. Huron Consulting Group has a 12-month low of $84.26 and a 12-month high of $118.10. The business’s 50-day moving average price is $107.48 and its 200 day moving average price is $100.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.93 and a current ratio of 1.61.

Analysts Set New Price Targets

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

Insider Transactions at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,042 shares of the company’s 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Huron Consulting Group news, Director Hugh E. Sawyer III sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $104.09, for a total transaction of $312,270.00. Following the completion of the sale, the director now directly owns 23,802 shares of the company’s stock, valued at approximately $2,477,550.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction that occurred 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 directly owns 30,924 shares in the company, valued at approximately $3,173,111.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,348 shares of company stock worth $1,081,897. 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.