Huron Consulting Group Inc. (NASDAQ:HURN) Expected to Post Q2 2022 Earnings of $0.82 Per Share

Huron Consulting Group Inc. (NASDAQ:HURNGet Rating) – Analysts at William Blair increased their Q2 2022 earnings per share estimates for Huron Consulting Group in a note issued to investors on Wednesday, May 4th. William Blair analyst A. Nicholas now anticipates that the business services provider will post earnings of $0.82 per share for the quarter, up from their previous estimate of $0.77. William Blair also issued estimates for Huron Consulting Group’s Q3 2022 earnings at $0.93 EPS, Q4 2022 earnings at $0.96 EPS, Q1 2023 earnings at $0.61 EPS, Q2 2023 earnings at $0.95 EPS, Q3 2023 earnings at $1.07 EPS, Q4 2023 earnings at $1.11 EPS and FY2023 earnings at $3.75 EPS.

HURN has been the topic of several other research reports. TheStreet upgraded Huron Consulting Group from a “c+” rating to a “b-” rating in a research note on Thursday, April 21st. StockNews.com assumed coverage on Huron Consulting Group in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Huron Consulting Group from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, February 28th. Finally, Barrington Research lifted their target price on Huron Consulting Group from $67.00 to $72.00 in a research note on Tuesday, April 5th.

HURN opened at $53.82 on Friday. The business’s 50-day moving average is $49.12 and its two-hundred day moving average is $48.58. Huron Consulting Group has a 1 year low of $42.66 and a 1 year high of $57.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $1.15 billion, a PE ratio of 13.63 and a beta of 0.70.

Huron Consulting Group (NASDAQ:HURNGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.20. The firm had revenue of $260.00 million during the quarter, compared to the consensus estimate of $234.67 million. Huron Consulting Group had a return on equity of 10.84% and a net margin of 8.56%. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share.

In other news, COO C. Mark Hussey sold 6,144 shares of the business’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $48.58, for a total transaction of $298,475.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James H. Roth sold 16,000 shares of Huron Consulting Group stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $46.22, for a total value of $739,520.00. The disclosure for this sale can be found here. Insiders have sold 27,105 shares of company stock worth $1,255,126 in the last 90 days. Insiders own 2.02% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC lifted its holdings in shares of Huron Consulting Group by 41.9% during the third quarter. Eagle Bay Advisors LLC now owns 765 shares of the business services provider’s stock worth $39,000 after purchasing an additional 226 shares during the period. FDx Advisors Inc. lifted its holdings in shares of Huron Consulting Group by 7.1% during the fourth quarter. FDx Advisors Inc. now owns 4,740 shares of the business services provider’s stock worth $237,000 after purchasing an additional 315 shares during the period. IndexIQ Advisors LLC lifted its holdings in shares of Huron Consulting Group by 11.1% during the third quarter. IndexIQ Advisors LLC now owns 8,924 shares of the business services provider’s stock worth $464,000 after purchasing an additional 894 shares during the period. Horrell Capital Management Inc. lifted its holdings in shares of Huron Consulting Group by 1.0% during the first quarter. Horrell Capital Management Inc. now owns 105,807 shares of the business services provider’s stock worth $4,847,000 after purchasing an additional 1,000 shares during the period. Finally, Blair William & Co. IL lifted its holdings in shares of Huron Consulting Group by 5.0% during the fourth quarter. Blair William & Co. IL now owns 27,670 shares of the business services provider’s stock worth $1,381,000 after purchasing an additional 1,318 shares during the period. 92.94% of the stock is owned by hedge funds and other institutional investors.

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

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