Huron Consulting Group Inc. (NASDAQ:HURN) Forecasted to Earn Q1 2023 Earnings of $0.62 Per Share

Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating) – Stock analysts at Barrington Research issued their Q1 2023 EPS estimates for shares of Huron Consulting Group in a research report issued to clients and investors on Friday, March 3rd. Barrington Research analyst K. Steinke expects that the business services provider will post earnings per share of $0.62 for the quarter. Barrington Research has a “Outperform” rating and a $105.00 price objective on the stock. The consensus estimate for Huron Consulting Group’s current full-year earnings is $4.03 per share. Barrington Research also issued estimates for Huron Consulting Group’s Q2 2023 earnings at $0.96 EPS, Q3 2023 earnings at $1.17 EPS, Q4 2023 earnings at $1.23 EPS, FY2023 earnings at $3.99 EPS and FY2024 earnings at $4.78 EPS.

Huron Consulting Group (NASDAQ:HURN – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The business services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $0.98 by $0.14. The firm had revenue of $313.71 million for the quarter, compared to analyst estimates of $282.40 million. Huron Consulting Group had a return on equity of 12.56% and a net margin of 6.52%. The company’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS.

HURN has been the topic of a number of other research reports. Truist Financial boosted their price objective on shares of Huron Consulting Group from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. Benchmark reaffirmed a “buy” rating and set a $95.00 price objective (up from $90.00) on shares of Huron Consulting Group in a research report on Wednesday, March 1st. Finally, StockNews.com lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Huron Consulting Group Trading Down 3.2 %

Shares of HURN stock opened at $80.21 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.65. The business has a 50-day moving average of $70.69 and a 200 day moving average of $71.11. The stock has a market capitalization of $1.55 billion, a PE ratio of 22.04 and a beta of 0.53. Huron Consulting Group has a 1-year low of $43.29 and a 1-year high of $82.87.

Institutional Investors Weigh In On Huron Consulting Group

Institutional investors have recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC bought a new stake in Huron Consulting Group in the fourth quarter worth $1,321,000. Lazard Asset Management LLC raised its stake in shares of Huron Consulting Group by 541.3% in the fourth quarter. Lazard Asset Management LLC now owns 13,994 shares of the business services provider’s stock valued at $1,015,000 after acquiring an additional 11,812 shares during the period. Money Concepts Capital Corp bought a new position in Huron Consulting Group during the 4th quarter valued at about $56,000. Morgan Stanley raised its position in Huron Consulting Group by 351.7% in the 4th quarter. Morgan Stanley now owns 688,339 shares of the business services provider’s stock worth $49,973,000 after purchasing an additional 535,936 shares during the period. Finally, Norges Bank bought a new stake in Huron Consulting Group in the fourth quarter worth about $13,300,000. 93.71% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Company Profile

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Huron Consulting Group, Inc engages in the provision of operational and financial consulting services. It operates through the following business segments: Healthcare, Business Advisory, and Education. The Healthcare segment provides advisory services in the areas of care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals and integrated health systems, academic medical centers, community hospitals, and medical groups.