Barrington Research Predicts HURN FY2024 Earnings

Huron Consulting Group Inc. (NASDAQ:HURN) – Investment analysts at Barrington Research increased their FY2024 earnings estimates for shares of Huron Consulting Group in a research note issued to investors on Monday, November 4th. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings per share of $6.10 for the year, up from their previous forecast of $5.87. Barrington Research currently has a “Outperform” rating and a $142.00 target price on the stock. The consensus estimate for Huron Consulting Group’s current full-year earnings is $6.11 per share. Barrington Research also issued estimates for Huron Consulting Group’s FY2025 earnings at $6.91 EPS.

HURN has been the subject of several other reports. Benchmark reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $133.00.

Huron Consulting Group Stock Up 6.5 %

HURN opened at $128.13 on Wednesday. The company has a 50 day moving average of $108.52 and a 200 day moving average of $101.55. The company has a market cap of $2.27 billion, a PE ratio of 27.85 and a beta of 0.60. Huron Consulting Group has a 12 month low of $84.26 and a 12 month high of $131.06. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. The company had revenue of $370.00 million during the quarter, compared to the consensus estimate of $377.63 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. Huron Consulting Group’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $1.39 EPS.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, CEO C. Mark Hussey sold 4,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $103.13, for a total value of $412,520.00. Following the completion of the transaction, the chief executive officer now directly owns 81,081 shares of the company’s stock, valued at $8,361,883.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total transaction of $112,817.34. Following the completion of the sale, the director now directly owns 28,840 shares of the company’s stock, valued at approximately $3,122,506.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C. Mark Hussey sold 4,000 shares of Huron Consulting Group stock in a transaction on Monday, August 12th. The stock was sold at an average price of $103.13, for a total transaction of $412,520.00. Following the sale, the chief executive officer now directly owns 81,081 shares of the company’s stock, valued at $8,361,883.53. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,348 shares of company stock valued at $783,392 in the last three months. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Huron Consulting Group

Hedge funds have recently made changes to their positions in the stock. Covestor Ltd lifted its holdings in shares of Huron Consulting Group by 26,500.0% during the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after acquiring an additional 265 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Huron Consulting Group during the 2nd quarter worth $28,000. Assetmark Inc. lifted its holdings in shares of Huron Consulting Group by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after acquiring an additional 90 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Huron Consulting Group by 800.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock worth $174,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Dakota Wealth Management purchased a new position in Huron Consulting Group in the 2nd quarter worth $219,000. 93.90% of the stock is owned by institutional investors.

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 financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.