Q2 2024 Earnings Estimate for Huron Consulting Group Inc. Issued By William Blair (NASDAQ:HURN)

Huron Consulting Group Inc. (NASDAQ:HURN) – Investment analysts at William Blair lowered their Q2 2024 earnings estimates for Huron Consulting Group in a research note issued on Wednesday, May 1st. William Blair analyst A. Nicholas now anticipates that the business services provider will post earnings per share of $1.37 for the quarter, down from their prior estimate of $1.54. The consensus estimate for Huron Consulting Group’s current full-year earnings is $5.68 per share. William Blair also issued estimates for Huron Consulting Group’s Q3 2024 earnings at $1.68 EPS, FY2024 earnings at $5.75 EPS, Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $1.77 EPS, Q3 2025 earnings at $2.13 EPS, Q4 2025 earnings at $1.86 EPS and FY2025 earnings at $6.80 EPS.

HURN has been the topic of several other reports. StockNews.com downgraded shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Benchmark restated a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a research note on Wednesday. Finally, Barrington Research lifted their price objective on shares of Huron Consulting Group from $128.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th.

Huron Consulting Group Trading Up 0.8 %

Shares of NASDAQ:HURN opened at $86.32 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.32 and a current ratio of 2.40. The company has a 50-day simple moving average of $95.07 and a 200 day simple moving average of $100.28. The company has a market capitalization of $1.55 billion, a P/E ratio of 24.88 and a beta of 0.59. Huron Consulting Group has a 52-week low of $70.66 and a 52-week high of $113.31.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.35. The firm had revenue of $355.96 million for the quarter, compared to analyst estimates of $348.80 million. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 EPS.

Insider Transactions at Huron Consulting Group

In related news, Director John Mccartney sold 300 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $90.06, for a total value of $27,018.00. Following the completion of the transaction, the director now owns 56,319 shares of the company’s stock, valued at $5,072,089.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $90.06, for a total value of $27,018.00. Following the transaction, the director now owns 56,319 shares in the company, valued at approximately $5,072,089.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C. Mark Hussey sold 1,765 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $100.12, for a total value of $176,711.80. Following the sale, the chief executive officer now owns 121,728 shares of the company’s stock, valued at $12,187,407.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,380 shares of company stock valued at $3,966,654. 2.02% of the stock is owned by corporate insiders.

Institutional Trading of Huron Consulting Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Securities Inc. bought a new stake in Huron Consulting Group during the 4th quarter worth $25,000. International Assets Investment Management LLC acquired a new position in shares of Huron Consulting Group in the fourth quarter valued at approximately $42,000. Quest Partners LLC bought a new position in Huron Consulting Group in the 4th quarter valued at approximately $97,000. Headlands Technologies LLC boosted its position in Huron Consulting Group by 2,020.0% during the 4th quarter. Headlands Technologies LLC now owns 954 shares of the business services provider’s stock worth $98,000 after buying an additional 909 shares during the period. Finally, USA Financial Formulas grew its holdings in Huron Consulting Group by 3,273.3% during the 4th quarter. USA Financial Formulas now owns 1,012 shares of the business services provider’s stock worth $104,000 after acquiring an additional 982 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

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.