Wall Street analysts predict that Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating) will report $233.01 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Huron Consulting Group’s earnings, with the highest sales estimate coming in at $234.30 million and the lowest estimate coming in at $231.72 million. Huron Consulting Group reported sales of $203.21 million in the same quarter last year, which indicates a positive year-over-year growth rate of 14.7%. The business is expected to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Huron Consulting Group will report full-year sales of $993.03 million for the current fiscal year, with estimates ranging from $977.60 million to $1.00 billion. For the next year, analysts forecast that the company will report sales of $1.08 billion, with estimates ranging from $1.08 billion to $1.09 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.03. Huron Consulting Group had a net margin of 6.80% and a return on equity of 10.41%. The company had revenue of $248.30 million during the quarter, compared to the consensus estimate of $235.85 million. During the same period in the prior year, the firm earned $0.45 earnings per share. Huron Consulting Group’s revenue was up 25.2% on a year-over-year basis.
Shares of HURN stock opened at $53.44 on Tuesday. The firm’s fifty day simple moving average is $47.17. The company has a market cap of $1.14 billion, a PE ratio of 18.30 and a beta of 0.85. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.41. Huron Consulting Group has a 12 month low of $42.66 and a 12 month high of $59.09.
In other news, COO C. Mark Hussey sold 6,144 shares of the firm’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $48.58, for a total transaction of $298,475.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James H. Roth sold 4,661 shares of the stock in a transaction on Monday, February 7th. The stock was sold at an average price of $43.60, for a total value of $203,219.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,105 shares of company stock valued at $1,255,126. 2.02% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HURN. Boston Partners boosted its position in shares of Huron Consulting Group by 3.3% during the 3rd quarter. Boston Partners now owns 1,049,480 shares of the business services provider’s stock valued at $54,566,000 after acquiring an additional 33,490 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Huron Consulting Group by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,032,428 shares of the business services provider’s stock valued at $51,518,000 after buying an additional 4,216 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Huron Consulting Group by 14.9% in the 3rd quarter. Royal Bank of Canada now owns 592,797 shares of the business services provider’s stock valued at $30,826,000 after acquiring an additional 76,693 shares during the last quarter. Bank of New York Mellon Corp grew its position in Huron Consulting Group by 18.4% in the third quarter. Bank of New York Mellon Corp now owns 486,275 shares of the business services provider’s stock worth $25,285,000 after acquiring an additional 75,530 shares in the last quarter. Finally, State Street Corp increased its stake in Huron Consulting Group by 0.8% during the fourth quarter. State Street Corp now owns 451,609 shares of the business services provider’s stock worth $22,535,000 after acquiring an additional 3,367 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.
Huron Consulting Group Company Profile (Get Rating)
Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Business Advisory, and Education. The Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, medical groups, and health plans.
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