Q4 EPS Estimate for Huron Consulting Group Raised by Analyst

Huron Consulting Group Inc. (NASDAQ:HURN) – Barrington Research raised their Q4 2024 earnings per share estimates for Huron Consulting Group in a research note issued on Monday, November 4th. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings per share of $1.52 for the quarter, up from their prior estimate of $1.50. Barrington Research has a “Outperform” rating and a $142.00 price target on the stock. The consensus estimate for Huron Consulting Group’s current full-year earnings is $6.11 per share.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping 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 business had revenue of $370.00 million during the quarter, compared to the consensus estimate of $377.63 million. During the same period last year, the firm earned $1.39 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on HURN. StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $140.00 target price on shares of Huron Consulting Group in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group currently has an average rating of “Buy” and a consensus target price of $133.00.

Huron Consulting Group Stock Performance

Shares of NASDAQ HURN opened at $128.13 on Thursday. 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 firm’s 50-day moving average price is $108.52 and its two-hundred day moving average price is $101.55. Huron Consulting Group has a 52-week low of $84.26 and a 52-week high of $131.06. The stock has a market capitalization of $2.27 billion, a P/E ratio of 27.85 and a beta of 0.60.

Institutional Investors Weigh In On Huron Consulting Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HURN. Allspring Global Investments Holdings LLC raised its holdings in Huron Consulting Group by 35.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,520 shares of the business services provider’s stock worth $533,000 after purchasing an additional 1,442 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Huron Consulting Group by 800.0% during the first quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock worth $174,000 after purchasing an additional 1,600 shares in the last quarter. Quantbot Technologies LP grew its position in Huron Consulting Group by 28.9% in the first quarter. Quantbot Technologies LP now owns 9,444 shares of the business services provider’s stock worth $912,000 after buying an additional 2,116 shares during the last quarter. SG Americas Securities LLC grew its position in Huron Consulting Group by 518.6% in the first quarter. SG Americas Securities LLC now owns 12,539 shares of the business services provider’s stock worth $1,212,000 after buying an additional 10,512 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Huron Consulting Group by 6.0% in the first quarter. ProShare Advisors LLC now owns 3,342 shares of the business services provider’s stock worth $323,000 after buying an additional 188 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

Insider Activity

In other news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.48, for a total transaction of $114,078.16. Following the sale, the director now owns 29,882 shares of the company’s stock, valued at approximately $3,271,481.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO C. Mark Hussey sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $103.13, for a total transaction of $412,520.00. Following the sale, the chief executive officer now owns 81,081 shares of the company’s stock, valued at $8,361,883.53. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.48, for a total value of $114,078.16. Following the sale, the director now directly owns 29,882 shares in the company, valued at approximately $3,271,481.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,348 shares of company stock valued at $783,392. Insiders own 2.20% of the company’s stock.

Huron Consulting Group Company Profile

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.