Huron Consulting Group (NASDAQ:HURN) Updates FY 2024 Earnings Guidance

Huron Consulting Group (NASDAQ:HURN) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 6.000-6.200 for the period, compared to the consensus EPS estimate of 6.000. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion. Huron Consulting Group also updated its FY24 guidance to $6.00-$6.20 EPS.

Huron Consulting Group Stock Up 0.8 %

Shares of HURN stock traded up $0.85 on Tuesday, hitting $104.99. 104,553 shares of the stock were exchanged, compared to its average volume of 124,477. The business has a 50-day moving average of $107.07 and a 200 day 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. The firm has a market capitalization of $1.89 billion, a P/E ratio of 30.26 and a beta of 0.61. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.99.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.06. The company had revenue of $370.00 million during the quarter, compared to analysts’ expectations of $377.63 million. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.44%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. Equities analysts anticipate that Huron Consulting Group will post 5.95 EPS for the current year.

Wall Street Analysts Forecast Growth

HURN has been the subject of a number of recent research reports. Barrington Research restated an “outperform” rating and set a $137.00 price objective on shares of Huron Consulting Group in a research note on Monday, September 9th. StockNews.com upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.75.

Insider Activity

In related news, insider Kyle Featherstone sold 820 shares of Huron Consulting Group 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 completion of the transaction, the insider now owns 1,565 shares in the company, valued at approximately $169,129.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Huron Consulting Group news, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $108.07, for a total transaction of $88,617.40. Following the completion of the sale, the insider now owns 1,565 shares of the company’s stock, valued at $169,129.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hugh E. Sawyer III sold 3,000 shares of Huron Consulting Group stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $104.09, for a total transaction of $312,270.00. Following the transaction, the director now directly owns 23,802 shares of the company’s stock, valued at approximately $2,477,550.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,168 shares of company stock valued at $1,170,515. 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.