Huron Consulting Group (NASDAQ:HURN) Releases Earnings Results, Beats Estimates By $0.38 EPS

Huron Consulting Group (NASDAQ:HURN) issued its earnings results on Tuesday. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38, Zacks reports. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%.

Huron Consulting Group Stock Up 0.0 %

HURN stock traded up $0.03 during trading on Tuesday, reaching $125.33. The stock had a trading volume of 396,891 shares, compared to its average volume of 110,694. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 27.25 and a beta of 0.59. Huron Consulting Group has a one year low of $84.26 and a one year high of $133.96. The company’s 50 day moving average is $125.65 and its two-hundred day moving average is $117.22.

Insiders Place Their Bets

In related news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $126.03, for a total transaction of $252,060.00. Following the sale, the director now directly owns 48,534 shares in the company, valued at approximately $6,116,740.02. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $122.81, for a total value of $127,968.02. Following the completion of the transaction, the director now owns 26,756 shares of the company’s stock, valued at $3,285,904.36. This trade represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,584 shares of company stock valued at $1,067,539 in the last 90 days. 2.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HURN has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, October 30th. Wedbush started coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They issued an “outperform” rating on the stock. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Barrington Research raised their target price on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $133.00.

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.