Huron Consulting Group (NASDAQ:HURN) Updates FY24 Earnings Guidance

Huron Consulting Group (NASDAQ:HURN) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $6.00-$6.20 for the period, compared to the consensus EPS estimate of $6.00. The company issued revenue guidance of $1.47-$1.49 billion, compared to the consensus revenue estimate of $1.48 billion. Huron Consulting Group also updated its FY 2024 guidance to 6.000-6.200 EPS.

Huron Consulting Group Stock Performance

Shares of NASDAQ:HURN traded down $2.36 during midday trading on Friday, hitting $113.37. The company’s stock had a trading volume of 35,979 shares, compared to its average volume of 124,625. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.93 and a current ratio of 1.61. The stock’s 50 day simple moving average is $107.48 and its 200 day simple moving average is $100.67. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 24.84 and a beta of 0.61. Huron Consulting Group has a fifty-two week low of $84.26 and a fifty-two week high of $118.10.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $370.00 million for the quarter, compared to analyst estimates of $377.63 million. During the same quarter last year, the firm posted $1.39 EPS. The company’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts anticipate that Huron Consulting Group will post 6.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barrington Research reissued an “outperform” rating and issued a $137.00 price target on shares of Huron Consulting Group in a report on Monday, September 9th. StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Benchmark reissued a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research report on Wednesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $131.75.

Insider Buying and Selling

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $102.61, for a total value of $106,919.62. Following the sale, the director now owns 30,924 shares of the company’s stock, valued at $3,173,111.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $102.61, for a total transaction of $106,919.62. Following the sale, the director now directly owns 30,924 shares of the company’s stock, valued at approximately $3,173,111.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C. Mark Hussey sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $103.13, for a total value of $412,520.00. Following the completion of the sale, the chief executive officer now owns 81,081 shares in the company, valued at approximately $8,361,883.53. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,348 shares of company stock valued at $1,081,897 over the last ninety days. 2.02% of the stock is owned by company insiders.

About Huron Consulting Group

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.