Huron Consulting Group Inc. (NASDAQ:HURN) Forecasted to Post FY2023 Earnings of $4.80 Per Share

Huron Consulting Group Inc. (NASDAQ:HURN) – Equities researchers at William Blair boosted their FY2023 earnings estimates for shares of Huron Consulting Group in a research report issued on Friday, November 3rd. William Blair analyst A. Nicholas now expects that the business services provider will earn $4.80 per share for the year, up from their prior estimate of $4.55. The consensus estimate for Huron Consulting Group’s current full-year earnings is $4.52 per share. William Blair also issued estimates for Huron Consulting Group’s Q4 2023 earnings at $1.16 EPS, Q1 2024 earnings at $0.94 EPS, Q2 2024 earnings at $1.55 EPS, Q3 2024 earnings at $1.58 EPS and FY2024 earnings at $5.50 EPS.

HURN has been the topic of a number of other research reports. Benchmark boosted their price objective on shares of Huron Consulting Group from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Barrington Research boosted their price objective on shares of Huron Consulting Group from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Truist Financial boosted their price objective on shares of Huron Consulting Group from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, September 18th. Finally, StockNews.com started coverage on shares of Huron Consulting Group in a report on Thursday, October 5th. They issued a “hold” rating on the stock.

Huron Consulting Group Stock Up 1.9 %

Shares of Huron Consulting Group stock opened at $101.40 on Monday. The company has a fifty day moving average price of $101.43 and a 200 day moving average price of $91.44. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.72. Huron Consulting Group has a twelve month low of $66.51 and a twelve month high of $113.31. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 27.70 and a beta of 0.59.

Insider Activity

In other news, Director Debra Zumwalt sold 259 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $98.15, for a total value of $25,420.85. Following the sale, the director now owns 25,480 shares in the company, valued at approximately $2,500,862. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Debra Zumwalt sold 259 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $98.15, for a total value of $25,420.85. Following the sale, the director now owns 25,480 shares in the company, valued at approximately $2,500,862. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $99.27, for a total transaction of $198,540.00. Following the completion of the sale, the director now owns 82,331 shares in the company, valued at approximately $8,172,998.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,551 shares of company stock worth $1,055,188. 2.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors and hedge funds have recently bought and sold shares of HURN. MetLife Investment Management LLC raised its stake in Huron Consulting Group by 66.5% during the first quarter. MetLife Investment Management LLC now owns 11,540 shares of the business services provider’s stock worth $529,000 after acquiring an additional 4,609 shares during the period. Dimensional Fund Advisors LP raised its stake in Huron Consulting Group by 57.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,621,725 shares of the business services provider’s stock worth $74,291,000 after acquiring an additional 589,297 shares during the period. Sei Investments Co. raised its stake in Huron Consulting Group by 10.4% during the first quarter. Sei Investments Co. now owns 168,536 shares of the business services provider’s stock worth $7,735,000 after acquiring an additional 15,858 shares during the period. Vanguard Group Inc. raised its stake in Huron Consulting Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,041,969 shares of the business services provider’s stock worth $93,542,000 after acquiring an additional 21,752 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Huron Consulting Group during the first quarter worth about $68,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; financial advisory; software products; and digital solutions, spanning technology and analytic-related services to national and regional health systems, academic and community health systems, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.