Research Analysts Issue Forecasts for HURN FY2024 Earnings

Huron Consulting Group Inc. (NASDAQ:HURN) – William Blair increased their FY2024 earnings estimates for shares of Huron Consulting Group in a report released on Wednesday, October 30th. William Blair analyst A. Nicholas now expects that the business services provider will post earnings of $6.09 per share for the year, up from their previous estimate of $6.06. The consensus estimate for Huron Consulting Group’s current full-year earnings is $5.95 per share. William Blair also issued estimates for Huron Consulting Group’s Q1 2025 earnings at $1.14 EPS, Q3 2025 earnings at $2.04 EPS and FY2025 earnings at $7.00 EPS.

Several other research firms also recently commented on HURN. StockNews.com upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Benchmark restated a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research report on Wednesday. Finally, Barrington Research reiterated an “outperform” rating and issued a $137.00 price target on shares of Huron Consulting Group in a research report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.75.

Huron Consulting Group Stock Performance

Shares of NASDAQ HURN opened at $116.15 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 25.25 and a beta of 0.61. The stock’s fifty day moving average price is $107.06 and its two-hundred day moving average price is $100.45. Huron Consulting Group has a one year low of $84.26 and a one year high of $118.10.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.57 by $0.11. The company had revenue of $370.00 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share.

Institutional Trading of Huron Consulting Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in Huron Consulting Group by 2.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 58,259 shares of the business services provider’s stock worth $6,333,000 after acquiring an additional 1,398 shares during the last quarter. Andina Capital Management LLC raised its position in Huron Consulting Group by 4.5% during the 3rd quarter. Andina Capital Management LLC now owns 3,189 shares of the business services provider’s stock worth $347,000 after purchasing an additional 137 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Huron Consulting Group by 5.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 143,714 shares of the business services provider’s stock valued at $15,622,000 after buying an additional 7,407 shares during the last quarter. Bleakley Financial Group LLC increased its stake in shares of Huron Consulting Group by 42.6% in the third quarter. Bleakley Financial Group LLC now owns 8,452 shares of the business services provider’s stock valued at $919,000 after buying an additional 2,524 shares during the period. Finally, Creative Planning raised its position in shares of Huron Consulting Group by 10.5% during the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock worth $281,000 after acquiring an additional 246 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $109.48, for a total transaction of $114,078.16. Following the completion of the transaction, the director now owns 29,882 shares of the company’s stock, valued at approximately $3,271,481.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO C. Mark Hussey sold 4,000 shares of the firm’s 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.48, for a total value of $114,078.16. Following the sale, the director now owns 29,882 shares in the company, valued at $3,271,481.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,168 shares of company stock worth $1,170,515 over the last 90 days. 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.