SunTrust Banks Comments on Huron Consulting Group’s FY2019 Earnings (NASDAQ:HURN)

Huron Consulting Group (NASDAQ:HURN) – Research analysts at SunTrust Banks upped their FY2019 earnings estimates for Huron Consulting Group in a report issued on Tuesday, July 30th, Zacks Investment Research reports. SunTrust Banks analyst T. Sommer now expects that the business services provider will post earnings of $2.50 per share for the year, up from their previous forecast of $2.37. SunTrust Banks has a “Buy” rating and a $66.00 price objective on the stock. SunTrust Banks also issued estimates for Huron Consulting Group’s Q2 2020 earnings at $0.77 EPS, Q3 2020 earnings at $0.81 EPS, Q4 2020 earnings at $0.81 EPS, FY2020 earnings at $2.77 EPS and FY2021 earnings at $3.33 EPS.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.16. Huron Consulting Group had a net margin of 2.76% and a return on equity of 10.01%. The business had revenue of $220.80 million during the quarter, compared to analyst estimates of $205.51 million. During the same period last year, the firm posted $0.58 EPS. The company’s revenue was up 11.8% on a year-over-year basis.

A number of other brokerages have also issued reports on HURN. BidaskClub raised shares of Huron Consulting Group from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th. TheStreet raised shares of Huron Consulting Group from a “c” rating to a “b” rating in a report on Wednesday, July 31st. Barrington Research reissued an “outperform” rating and issued a $68.00 target price (up from $57.00) on shares of Huron Consulting Group in a report on Monday, August 5th. Zacks Investment Research upgraded shares of Huron Consulting Group from a “hold” rating to a “strong-buy” rating and set a $70.00 target price for the company in a report on Friday, August 2nd. Finally, ValuEngine upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Huron Consulting Group presently has a consensus rating of “Buy” and an average target price of $66.00.

HURN traded down $1.65 during trading on Thursday, reaching $59.48. 86,333 shares of the company traded hands, compared to its average volume of 118,110. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.59 and a current ratio of 0.59. Huron Consulting Group has a 12-month low of $44.78 and a 12-month high of $64.39. The firm has a fifty day simple moving average of $56.51 and a 200 day simple moving average of $51.12. The company has a market cap of $1.40 billion, a P/E ratio of 28.60, a PEG ratio of 1.81 and a beta of -0.07.

Several hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Huron Consulting Group during the fourth quarter worth about $27,585,000. Northern Trust Corp grew its stake in shares of Huron Consulting Group by 3.2% during the fourth quarter. Northern Trust Corp now owns 330,103 shares of the business services provider’s stock worth $16,937,000 after acquiring an additional 10,138 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Huron Consulting Group by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 257,580 shares of the business services provider’s stock worth $13,216,000 after acquiring an additional 17,753 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Huron Consulting Group by 4.1% during the second quarter. Renaissance Technologies LLC now owns 249,358 shares of the business services provider’s stock worth $12,563,000 after acquiring an additional 9,900 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Huron Consulting Group by 151.2% during the fourth quarter. Millennium Management LLC now owns 164,314 shares of the business services provider’s stock worth $8,431,000 after acquiring an additional 98,900 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

In other Huron Consulting Group news, CEO James H. Roth sold 17,500 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $49.43, for a total value of $865,025.00. Following the completion of the transaction, the chief executive officer now directly owns 189,212 shares in the company, valued at $9,352,749.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider C. Mark Hussey sold 11,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $61.01, for a total transaction of $671,110.00. Following the completion of the transaction, the insider now owns 78,507 shares of the company’s stock, valued at $4,789,712.07. The disclosure for this sale can be found here. Insiders sold 29,047 shares of company stock valued at $1,563,496 over the last quarter. 2.86% of the stock is currently owned by corporate insiders.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

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Earnings History and Estimates for Huron Consulting Group (NASDAQ:HURN)

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