Zacks: Analysts Expect Huron Consulting Group Inc. (NASDAQ:HURN) Will Post Earnings of $0.77 Per Share

Wall Street analysts expect that Huron Consulting Group Inc. (NASDAQ:HURNGet Rating) will announce earnings per share (EPS) of $0.77 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Huron Consulting Group’s earnings, with estimates ranging from $0.72 to $0.82. Huron Consulting Group reported earnings of $0.69 per share during the same quarter last year, which indicates a positive year over year growth rate of 11.6%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Huron Consulting Group will report full year earnings of $3.11 per share for the current year, with EPS estimates ranging from $2.92 to $3.20. For the next year, analysts anticipate that the firm will post earnings of $3.63 per share, with EPS estimates ranging from $3.49 to $3.75. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Huron Consulting Group.

Huron Consulting Group (NASDAQ:HURNGet Rating) last released its earnings results 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. Huron Consulting Group had a net margin of 8.56% and a return on equity of 10.67%. The business had revenue of $260.00 million during the quarter, compared to analysts’ expectations of $234.67 million. During the same period last year, the business earned $0.35 earnings per share. The firm’s revenue was up 28.0% on a year-over-year basis.

A number of equities research analysts have recently issued reports on HURN shares. Zacks Investment Research raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Monday, February 28th. Barrington Research boosted their target price on Huron Consulting Group from $72.00 to $75.00 in a research note on Friday. StockNews.com started coverage on Huron Consulting Group in a research note on Thursday, March 31st. They set a “buy” rating for the company. Finally, TheStreet upgraded Huron Consulting Group from a “c+” rating to a “b-” rating in a report on Thursday, April 21st.

Shares of Huron Consulting Group stock opened at $52.85 on Friday. The firm has a 50-day moving average of $49.19 and a 200-day moving average of $48.57. The stock has a market cap of $1.12 billion, a PE ratio of 13.38 and a beta of 0.70. Huron Consulting Group has a 52-week low of $42.66 and a 52-week high of $57.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.26 and a current ratio of 2.14.

In other Huron Consulting Group news, CEO James H. Roth sold 16,000 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $46.22, for a total transaction of $739,520.00. The transaction was disclosed in a legal 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 that occurred 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. Insiders sold 27,105 shares of company stock worth $1,255,126 over the last quarter. 2.02% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. IndexIQ Advisors LLC raised its position in shares of Huron Consulting Group by 7.3% during the first quarter. IndexIQ Advisors LLC now owns 8,992 shares of the business services provider’s stock worth $412,000 after purchasing an additional 610 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Huron Consulting Group during the first quarter worth approximately $82,000. Victory Capital Management Inc. raised its position in shares of Huron Consulting Group by 55.1% during the first quarter. Victory Capital Management Inc. now owns 10,128 shares of the business services provider’s stock worth $524,000 after purchasing an additional 3,596 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Huron Consulting Group by 42.3% during the first quarter. State of New Jersey Common Pension Fund D now owns 54,915 shares of the business services provider’s stock worth $2,516,000 after purchasing an additional 16,333 shares during the period. Finally, FDx Advisors Inc. raised its position in shares of Huron Consulting Group by 7.9% during the first quarter. FDx Advisors Inc. now owns 5,115 shares of the business services provider’s stock worth $234,000 after purchasing an additional 375 shares during the period. 92.94% of the stock is currently owned by 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.

Featured Articles

Get a free copy of the Zacks research report on Huron Consulting Group (HURN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Huron Consulting Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huron Consulting Group and related companies with MarketBeat.com's FREE daily email newsletter.