Huron Consulting Group (NASDAQ:HURN) Releases Earnings Results, Beats Expectations By $0.50 EPS

Huron Consulting Group (NASDAQ:HURN) released its earnings results on Thursday. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.50, MarketWatch Earnings reports. The company had revenue of $217.86 million during the quarter, compared to analyst estimates of $190.22 million. Huron Consulting Group had a positive return on equity of 10.67% and a negative net margin of 0.08%. Huron Consulting Group updated its FY 2020
After-Hours guidance to 1.50-1.80 EPS and its FY20 guidance to $1.50-1.80 EPS.

Huron Consulting Group stock traded up $3.56 during mid-day trading on Friday, hitting $47.72. 356,782 shares of the company’s stock were exchanged, compared to its average volume of 120,975. The stock has a market cap of $1.09 billion, a P/E ratio of -530.16, a P/E/G ratio of 2.60 and a beta of 0.63. The stock has a 50 day moving average of $43.09 and a two-hundred day moving average of $50.79. Huron Consulting Group has a 1-year low of $35.15 and a 1-year high of $70.91. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.99.

HURN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Huron Consulting Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. BidaskClub upgraded Huron Consulting Group from a “strong sell” rating to a “sell” rating in a report on Saturday. Benchmark lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, May 1st. SunTrust Banks cut their price objective on Huron Consulting Group from $80.00 to $68.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Barrington Research started coverage on Huron Consulting Group in a report on Wednesday, July 22nd. They set a “buy” rating and a $60.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $59.67.

In other news, CEO James H. Roth sold 18,800 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $48.15, for a total value of $905,220.00. Following the sale, the chief executive officer now directly owns 159,009 shares of the company’s stock, valued at $7,656,283.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

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 for Huron Consulting Group (NASDAQ:HURN)

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