Huron Consulting Group Inc. (NASDAQ:HURN) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.20-2.30 for the period, compared to the Thomson Reuters consensus estimate of $2.59. The company issued revenue guidance of $730-750 million, compared to the consensus revenue estimate of $770.19 million.
Shares of Huron Consulting Group Inc. (HURN) traded up 0.84% during mid-day trading on Thursday, hitting $41.90. The stock had a trading volume of 100,062 shares. The firm has a market cap of $889.91 million, a PE ratio of 24.36 and a beta of 0.15. Huron Consulting Group Inc. has a 52-week low of $39.15 and a 52-week high of $64.00. The stock’s 50-day moving average price is $42.56 and its 200-day moving average price is $43.27.
Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by $0.18. Huron Consulting Group had a return on equity of 10.43% and a net margin of 4.58%. The company had revenue of $181.40 million during the quarter, compared to the consensus estimate of $191.83 million. During the same period in the prior year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts anticipate that Huron Consulting Group Inc. will post $2.59 earnings per share for the current fiscal year.
A number of analysts have recently commented on HURN shares. Zacks Investment Research raised Huron Consulting Group from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research report on Wednesday, May 3rd. ValuEngine cut Huron Consulting Group from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Benchmark Co. started coverage on Huron Consulting Group in a research report on Tuesday, May 23rd. They issued a hold rating on the stock. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $60.00.
In related news, Director James D. Edwards sold 602 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $43.32, for a total value of $26,078.64. Following the transaction, the director now directly owns 22,730 shares of the company’s stock, valued at approximately $984,663.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.
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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