Huron Consulting Group (NASDAQ:HURN) Issues Quarterly Earnings Results

Huron Consulting Group (NASDAQ:HURN) issued its earnings results on Tuesday. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.06, Briefing.com reports. The company had revenue of $370.00 million during the quarter, compared to analysts’ expectations of $377.63 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. Huron Consulting Group updated its FY24 guidance to $6.00-$6.20 EPS and its FY 2024 guidance to 6.000-6.200 EPS.

Huron Consulting Group Stock Up 0.8 %

HURN stock traded up $0.85 during mid-day trading on Tuesday, reaching $104.99. The company had a trading volume of 104,553 shares, compared to its average volume of 124,477. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 30.26 and a beta of 0.61. The firm has a fifty day simple moving average of $107.07 and a 200 day simple moving average of $100.37. Huron Consulting Group has a fifty-two week low of $84.26 and a fifty-two week high of $115.65.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HURN shares. StockNews.com upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Barrington Research reiterated an “outperform” rating and set a $137.00 price target on shares of Huron Consulting Group in a report on Monday, September 9th. Finally, Benchmark reiterated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Huron Consulting Group has a consensus rating of “Moderate Buy” and an average target price of $131.75.

Insider Buying and Selling at Huron Consulting Group

In other news, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $108.07, for a total transaction of $88,617.40. Following the sale, the insider now owns 1,565 shares of the company’s stock, valued at approximately $169,129.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total transaction of $112,817.34. Following the sale, the director now owns 28,840 shares of the company’s stock, valued at approximately $3,122,506.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $108.07, for a total value of $88,617.40. Following the sale, the insider now directly owns 1,565 shares in the company, valued at $169,129.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,168 shares of company stock valued at $1,170,515 in the last quarter. Corporate insiders own 2.02% 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.