Huron Consulting Group (NASDAQ:HURN) Updates FY 2024 Earnings Guidance

Huron Consulting Group (NASDAQ:HURN) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 6.000-6.200 for the period, compared to the consensus earnings per share estimate of 6.000. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion. Huron Consulting Group also updated its FY24 guidance to $6.00-$6.20 EPS.

Wall Street Analyst Weigh In

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

Huron Consulting Group Price Performance

Shares of HURN traded down $2.38 during mid-day trading on Friday, hitting $113.35. The company’s stock had a trading volume of 45,954 shares, compared to its average volume of 124,672. Huron Consulting Group has a fifty-two week low of $84.26 and a fifty-two week high of $118.10. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 24.84 and a beta of 0.61. The firm has a 50-day moving average price of $107.48 and a 200 day moving average price of $100.67. 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 (NASDAQ:HURN) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (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 for the quarter, compared to analysts’ expectations of $377.63 million. During the same period in the previous year, the firm posted $1.39 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts predict that Huron Consulting Group will post 6.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $102.61, for a total value of $106,919.62. Following the completion of the sale, the director now owns 30,924 shares of the company’s stock, valued at $3,173,111.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $102.61, for a total value of $106,919.62. Following the completion of the sale, the director now owns 30,924 shares in the company, valued at $3,173,111.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hugh E. Sawyer III sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $104.09, for a total value of $312,270.00. Following the completion of the transaction, the director now owns 23,802 shares in the company, valued at $2,477,550.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,348 shares of company stock worth $1,081,897 over the last ninety days. 2.02% of the stock is currently owned by company insiders.

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.