Huron Consulting Group (NASDAQ:HURN) Updates FY24 Earnings Guidance

Huron Consulting Group (NASDAQ:HURN) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.00-$6.20 for the period, compared to the consensus estimate of $6.00. The company issued revenue guidance of $1.47-$1.49 billion, compared to the consensus revenue estimate of $1.48 billion.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com raised Huron Consulting Group from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Barrington Research reiterated an “outperform” rating and issued a $137.00 target price on shares of Huron Consulting Group in a research report on Monday, September 9th. Finally, Benchmark reissued a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.75.

Huron Consulting Group Stock Performance

HURN traded up $0.85 on Tuesday, hitting $104.99. 104,553 shares of the company’s stock were exchanged, compared to its average volume of 124,477. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.99. The stock has a fifty day moving average of $107.07 and a two-hundred day moving average of $100.37. Huron Consulting Group has a twelve month low of $84.26 and a twelve month high of $115.65. The firm has a market cap of $1.89 billion, a PE ratio of 30.27 and a beta of 0.61.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.48 by $0.20. The company had revenue of $371.70 million during the quarter, compared to analyst estimates of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 earnings per share. On average, research analysts anticipate that Huron Consulting Group will post 5.95 earnings per share for the current fiscal year.

Insider Activity

In other Huron Consulting Group news, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $108.07, for a total value of $88,617.40. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO C. Mark Hussey sold 4,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $103.13, for a total value of $412,520.00. Following the completion of the sale, the chief executive officer now owns 81,081 shares of the company’s stock, valued at $8,361,883.53. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $108.07, for a total transaction of $88,617.40. Following the transaction, the insider now directly owns 1,565 shares in the company, valued at approximately $169,129.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,168 shares of company stock valued at $1,170,515. 2.02% of the stock is currently 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.