Equities Analysts Set Expectations for HURN FY2024 Earnings

Huron Consulting Group Inc. (NASDAQ:HURN) – Analysts at William Blair lifted their FY2024 earnings per share estimates for Huron Consulting Group in a research report issued to clients and investors on Wednesday, October 30th. William Blair analyst A. Nicholas now expects that the business services provider will earn $6.09 per share for the year, up from their prior estimate of $6.06. The consensus estimate for Huron Consulting Group’s current full-year earnings is $6.11 per share. William Blair also issued estimates for Huron Consulting Group’s Q1 2025 earnings at $1.14 EPS, Q3 2025 earnings at $2.04 EPS and FY2025 earnings at $7.00 EPS.

HURN has been the subject of several other research reports. StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday. Barrington Research reiterated an “outperform” rating and set a $137.00 price target on shares of Huron Consulting Group in a research note on Monday, September 9th. Finally, Benchmark reaffirmed a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $131.75.

Huron Consulting Group Trading Down 0.6 %

HURN opened at $115.07 on Thursday. The company’s 50 day simple moving average is $107.48 and its two-hundred day simple moving average is $100.67. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 25.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.93. Huron Consulting Group has a 1-year low of $84.26 and a 1-year high of $118.10.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.11. The company had revenue of $370.00 million for the quarter, compared to the consensus estimate of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.39 EPS.

Insider Transactions at Huron Consulting Group

In other news, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO C. Mark Hussey sold 4,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $103.13, for a total transaction of $412,520.00. Following the completion of the sale, the chief executive officer now directly owns 81,081 shares of the company’s stock, valued at approximately $8,361,883.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $102.61, for a total transaction of $106,919.62. Following the transaction, the director now owns 30,924 shares in the company, valued at $3,173,111.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,348 shares of company stock valued at $1,081,897 over the last 90 days. Corporate insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Diversified Trust Co raised its position in shares of Huron Consulting Group by 21.7% during the 1st quarter. Diversified Trust Co now owns 5,072 shares of the business services provider’s stock worth $490,000 after buying an additional 903 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Huron Consulting Group by 35.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,520 shares of the business services provider’s stock worth $533,000 after acquiring an additional 1,442 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in Huron Consulting Group in the first quarter worth approximately $921,000. Seelaus Asset Management LLC bought a new stake in shares of Huron Consulting Group during the 1st quarter worth $336,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Huron Consulting Group by 800.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock worth $174,000 after buying an additional 1,600 shares during the period. 93.90% of the stock is owned by institutional investors and hedge funds.

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.