Wall Street brokerages expect that Huron Consulting Group Inc. (NASDAQ:HURN) will announce earnings per share of $0.67 for the current quarter, Zacks reports. Three analysts have issued estimates for Huron Consulting Group’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.66. Huron Consulting Group posted earnings per share of $1.09 during the same quarter last year, which indicates a negative year-over-year growth rate of 38.5%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Huron Consulting Group will report full-year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.55 to $2.61. For the next fiscal year, analysts anticipate that the company will post earnings of $2.83 per share, with EPS estimates ranging from $2.78 to $2.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Monday, May 1st. The business services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Huron Consulting Group had a net margin of 4.58% and a return on equity of 10.43%. The firm had revenue of $188.80 million during the quarter, compared to analysts’ expectations of $177.10 million. During the same quarter in the previous year, the company posted $0.62 EPS. Huron Consulting Group’s revenue was up 4.6% on a year-over-year basis.
Several equities analysts recently commented on the stock. Benchmark Co. assumed coverage on shares of Huron Consulting Group in a research note on Tuesday, May 23rd. They issued a “hold” rating for the company. Zacks Investment Research downgraded shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Avondale Partners raised shares of Huron Consulting Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 24th. Finally, ValuEngine downgraded shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Huron Consulting Group currently has a consensus rating of “Hold” and an average target price of $60.00.
Huron Consulting Group (NASDAQ HURN) traded down 0.59% during mid-day trading on Wednesday, reaching $42.15. 115,600 shares of the company’s stock were exchanged. The firm has a market cap of $895.22 million, a price-to-earnings ratio of 24.51 and a beta of 0.15. The stock has a 50-day moving average of $42.73 and a 200-day moving average of $43.40. Huron Consulting Group has a 12 month low of $39.15 and a 12 month high of $65.00.
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In related news, Director James D. Edwards sold 602 shares of Huron Consulting Group stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $43.32, for a total transaction of $26,078.64. Following the completion of the transaction, the director now owns 22,730 shares of the company’s stock, valued at $984,663.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the company. Van Berkom & Associates Inc. purchased a new position in shares of Huron Consulting Group during the second quarter worth $49,231,000. Norges Bank purchased a new position in shares of Huron Consulting Group during the fourth quarter worth $18,029,000. Boston Partners increased its position in shares of Huron Consulting Group by 48.3% in the first quarter. Boston Partners now owns 733,269 shares of the business services provider’s stock worth $30,870,000 after buying an additional 238,882 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Huron Consulting Group during the first quarter worth $4,423,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Huron Consulting Group by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,274,091 shares of the business services provider’s stock worth $53,639,000 after buying an additional 104,133 shares in the last quarter. 88.38% of the stock is owned by institutional investors and hedge funds.
About Huron Consulting Group
Huron Consulting Group Inc is a global professional services firm. The Company offers solutions in operations, advisory services, technology and analytics for healthcare, higher education, life sciences and commercial sectors. The Company’s segments include Healthcare, Education and Life Sciences, and Business Advisory.
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