Equities research analysts forecast that Huron Consulting Group (NASDAQ:HURN) will post sales of $210.22 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Huron Consulting Group’s earnings, with the lowest sales estimate coming in at $206.76 million and the highest estimate coming in at $213.80 million. Huron Consulting Group reported sales of $219.74 million in the same quarter last year, which indicates a negative year-over-year growth rate of 4.3%. The business is scheduled to issue its next earnings report on Tuesday, October 29th.
On average, analysts expect that Huron Consulting Group will report full year sales of $847.71 million for the current year, with estimates ranging from $839.54 million to $855.30 million. For the next financial year, analysts anticipate that the firm will post sales of $897.61 million, with estimates ranging from $892.84 million to $905.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.16. The company had revenue of $220.80 million for the quarter, compared to analyst estimates of $205.51 million. Huron Consulting Group had a net margin of 2.76% and a return on equity of 10.01%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share.
Shares of HURN traded up $0.80 during mid-day trading on Friday, reaching $60.84. 5,566 shares of the stock traded hands, compared to its average volume of 105,682. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 1.78 and a beta of -0.07. The stock has a fifty day simple moving average of $61.30 and a 200 day simple moving average of $53.70. Huron Consulting Group has a 12-month low of $44.78 and a 12-month high of $64.39. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.21.
In other news, insider C. Mark Hussey sold 11,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $61.01, for a total transaction of $671,110.00. Following the completion of the sale, the insider now owns 78,507 shares of the company’s stock, valued at $4,789,712.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James H. Roth sold 17,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $62.90, for a total transaction of $1,100,750.00. Following the sale, the chief executive officer now directly owns 189,795 shares of the company’s stock, valued at approximately $11,938,105.50. The disclosure for this sale can be found here. Insiders have sold 29,260 shares of company stock valued at $1,818,486 in the last three months. Corporate insiders own 2.86% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in HURN. Nuveen Asset Management LLC acquired a new position in Huron Consulting Group in the second quarter worth $5,586,000. Intrinsic Edge Capital Management LLC boosted its holdings in Huron Consulting Group by 66.3% in the second quarter. Intrinsic Edge Capital Management LLC now owns 100,000 shares of the business services provider’s stock worth $5,038,000 after purchasing an additional 39,865 shares during the period. RMB Capital Management LLC acquired a new position in Huron Consulting Group in the second quarter worth $1,512,000. SG Americas Securities LLC boosted its holdings in Huron Consulting Group by 489.4% in the second quarter. SG Americas Securities LLC now owns 33,780 shares of the business services provider’s stock worth $1,702,000 after purchasing an additional 28,049 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Huron Consulting Group by 4.1% in the second quarter. Renaissance Technologies LLC now owns 249,358 shares of the business services provider’s stock worth $12,563,000 after purchasing an additional 9,900 shares during the period. 88.66% of the stock is owned by hedge funds and other institutional investors.
Huron Consulting Group Company Profile
Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.
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