Huron Consulting Group Inc. (NASDAQ:HURN) to Post Q2 2024 Earnings of $1.47 Per Share, Barrington Research Forecasts

Huron Consulting Group Inc. (NASDAQ:HURN) – Research analysts at Barrington Research dropped their Q2 2024 earnings per share (EPS) estimates for Huron Consulting Group in a research report issued on Monday, May 6th. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings per share of $1.47 for the quarter, down from their prior forecast of $1.55. Barrington Research has a “Outperform” rating and a $133.00 price objective on the stock. The consensus estimate for Huron Consulting Group’s current full-year earnings is $5.75 per share. Barrington Research also issued estimates for Huron Consulting Group’s Q3 2024 earnings at $1.59 EPS, Q4 2024 earnings at $1.56 EPS, FY2024 earnings at $5.85 EPS and FY2025 earnings at $6.80 EPS.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $0.88 by $0.35. The company had revenue of $355.96 million for the quarter, compared to the consensus estimate of $348.80 million. Huron Consulting Group had a net margin of 4.67% and a return on equity of 19.21%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS.

Several other research analysts also recently commented on HURN. Benchmark restated a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, May 1st. StockNews.com lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th.

Huron Consulting Group Stock Performance

Shares of NASDAQ:HURN opened at $87.00 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.40 and a current ratio of 2.40. The firm has a market cap of $1.57 billion, a PE ratio of 25.07 and a beta of 0.59. The firm’s 50 day simple moving average is $93.91 and its 200-day simple moving average is $99.88. Huron Consulting Group has a one year low of $77.99 and a one year high of $113.31.

Insider Activity

In related news, EVP Ernest W. Jr. Torain sold 650 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $100.00, for a total value of $65,000.00. Following the completion of the transaction, the executive vice president now owns 15,050 shares of the company’s stock, valued at $1,505,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Huron Consulting Group news, EVP Ernest W. Jr. Torain sold 650 shares of Huron Consulting Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $100.00, for a total value of $65,000.00. Following the transaction, the executive vice president now owns 15,050 shares in the company, valued at $1,505,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Mccartney sold 300 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.13, for a total transaction of $29,439.00. Following the completion of the transaction, the director now owns 56,919 shares of the company’s stock, valued at $5,585,461.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,380 shares of company stock worth $3,966,654. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Huron Consulting Group by 6.7% in the third quarter. Vanguard Group Inc. now owns 2,053,491 shares of the business services provider’s stock worth $213,892,000 after purchasing an additional 128,274 shares during the last quarter. Jennison Associates LLC grew its stake in Huron Consulting Group by 7.3% during the 3rd quarter. Jennison Associates LLC now owns 885,714 shares of the business services provider’s stock worth $92,256,000 after buying an additional 60,418 shares during the last quarter. Principal Financial Group Inc. increased its position in Huron Consulting Group by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 390,687 shares of the business services provider’s stock valued at $40,163,000 after buying an additional 5,304 shares in the last quarter. American Century Companies Inc. raised its stake in Huron Consulting Group by 36.0% in the third quarter. American Century Companies Inc. now owns 233,224 shares of the business services provider’s stock valued at $24,293,000 after buying an additional 61,777 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Huron Consulting Group by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 196,221 shares of the business services provider’s stock worth $20,438,000 after acquiring an additional 696 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

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.