Huron Consulting Group (NASDAQ:HURN) Issues Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Huron Consulting Group (NASDAQ:HURN) released its earnings results on Tuesday. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.48 by $0.20, Briefing.com reports. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.19%. The business had revenue of $371.70 million during the quarter, compared to analyst estimates of $374.33 million. During the same period in the prior year, the business earned $1.38 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. Huron Consulting Group updated its FY24 guidance to $5.85-$6.15 EPS and its FY 2024 guidance to 5.850-6.150 EPS.

Huron Consulting Group Stock Down 1.5 %

Huron Consulting Group stock traded down $1.70 during trading hours on Thursday, hitting $108.31. The company had a trading volume of 84,780 shares, compared to its average volume of 140,600. The firm has a market capitalization of $1.95 billion, a P/E ratio of 31.21 and a beta of 0.61. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.40 and a quick ratio of 2.40. The firm’s fifty day moving average is $98.85 and its 200-day moving average is $97.59. Huron Consulting Group has a fifty-two week low of $84.26 and a fifty-two week high of $115.65.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Huron Consulting Group in a research note on Thursday, May 23rd. Barrington Research restated an “outperform” rating and set a $133.00 price target on shares of Huron Consulting Group in a report on Tuesday, May 28th. Truist Financial restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a report on Thursday, May 16th. StockNews.com lowered shares of Huron Consulting Group from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Finally, Benchmark restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.75.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 1,259 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $95.38, for a total value of $120,083.42. Following the transaction, the director now owns 57,988 shares in the company, valued at approximately $5,530,895.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO C. Mark Hussey sold 34,013 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the transaction, the chief executive officer now owns 85,081 shares in the company, valued at approximately $8,566,805.89. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Mccartney sold 1,259 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $95.38, for a total transaction of $120,083.42. Following the transaction, the director now owns 57,988 shares in the company, valued at approximately $5,530,895.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,872 shares of company stock worth $3,601,300. 2.02% of the stock is currently owned by company insiders.

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.