Barrington Research Equities Analysts Increase Earnings Estimates for Huron Consulting Group Inc. (NASDAQ:HURN)

Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating) – Investment analysts at Barrington Research raised their Q3 2022 earnings per share estimates for shares of Huron Consulting Group in a research note issued to investors on Monday, April 25th. Barrington Research analyst K. Steinke now forecasts that the business services provider will post earnings of $0.91 per share for the quarter, up from their previous forecast of $0.80. Barrington Research also issued estimates for Huron Consulting Group’s Q4 2022 earnings at $1.02 EPS.

Huron Consulting Group (NASDAQ:HURN – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The business services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $248.30 million during the quarter, compared to analyst estimates of $235.85 million. During the same period in the previous year, the business earned $0.45 EPS. Huron Consulting Group’s revenue was up 25.2% compared to the same quarter last year.

HURN has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Monday, February 28th. TheStreet upgraded shares of Huron Consulting Group from a “c+” rating to a “b-” rating in a research report on Thursday, April 21st. Finally, StockNews.com initiated coverage on shares of Huron Consulting Group in a research report on Thursday, March 31st. They set a “buy” rating for the company.

HURN opened at $53.17 on Wednesday. The firm’s fifty day moving average price is $48.28. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 18.21 and a beta of 0.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26. Huron Consulting Group has a one year low of $42.66 and a one year high of $59.09.

A number of institutional investors have recently bought and sold shares of HURN. SG Americas Securities LLC lifted its stake in Huron Consulting Group by 2,042.2% in the third quarter. SG Americas Securities LLC now owns 50,514 shares of the business services provider’s stock worth $2,627,000 after purchasing an additional 48,156 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Huron Consulting Group by 115.4% during the third quarter. Asset Management One Co. Ltd. now owns 72,569 shares of the business services provider’s stock valued at $3,773,000 after acquiring an additional 38,884 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Huron Consulting Group during the third quarter valued at about $348,000. Deutsche Bank AG raised its stake in shares of Huron Consulting Group by 24.6% during the third quarter. Deutsche Bank AG now owns 17,049 shares of the business services provider’s stock valued at $887,000 after acquiring an additional 3,367 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Huron Consulting Group by 3.3% during the third 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. 89.35% of the stock is owned by institutional investors and hedge funds.

In other Huron Consulting Group news, CEO James H. Roth sold 4,661 shares of the business’s stock in a transaction on Monday, February 7th. The shares were sold at an average price of $43.60, for a total value of $203,219.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James H. Roth sold 16,000 shares of the business’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $46.22, for a total transaction of $739,520.00. The disclosure for this sale can be found here. Insiders have sold a total of 27,105 shares of company stock valued at $1,255,126 over the last ninety days. 2.02% of the stock is currently owned by insiders.

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.

Further Reading