Huron Consulting Group (HURN) Set to Announce Earnings on Tuesday

Huron Consulting Group (NASDAQ:HURN) is scheduled to be releasing its earnings data after the market closes on Tuesday, July 30th. Analysts expect Huron Consulting Group to post earnings of $1.46 per share for the quarter. Huron Consulting Group has set its FY24 guidance at $5.60-6.10 EPS and its FY 2024 guidance at 5.600-6.100 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $0.88 by $0.35. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The business had revenue of $355.96 million for the quarter, compared to the consensus estimate of $348.80 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. Huron Consulting Group’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts expect Huron Consulting Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $110.92 on Monday. Huron Consulting Group has a 12 month low of $77.99 and a 12 month high of $113.31. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.13. The business’s 50 day simple moving average is $97.27 and its 200 day simple moving average is $97.37. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 31.97 and a beta of 0.61.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HURN. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Monday, July 1st. Wedbush restated an “outperform” rating and set a $110.00 target price on shares of Huron Consulting Group in a research report on Thursday, May 23rd. Barrington Research restated an “outperform” rating and set a $133.00 target price on shares of Huron Consulting Group in a research report on Tuesday, May 28th. Truist Financial restated a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research report on Thursday, May 16th. Finally, StockNews.com downgraded Huron Consulting Group from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.75.

Insider Transactions at Huron Consulting Group

In other news, CEO C. Mark Hussey sold 34,013 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the transaction, the chief executive officer now owns 85,081 shares of the company’s stock, valued at $8,566,805.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO C. Mark Hussey sold 34,013 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the transaction, the chief executive officer now owns 85,081 shares of the company’s stock, valued at $8,566,805.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Mccartney sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $89.00, for a total transaction of $26,700.00. Following the completion of the transaction, the director now directly owns 57,988 shares in the company, valued at approximately $5,160,932. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,172 shares of company stock valued at $3,628,318. 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.