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

Huron Consulting Group Inc. (NASDAQ:HURNGet 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:HURNGet 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

Earnings History and Estimates for Huron Consulting Group (NASDAQ:HURN)

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