Brokerages predict that Huron Consulting Group Inc. (NASDAQ:HURN) will post $211.38 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Huron Consulting Group’s earnings, with the highest sales estimate coming in at $213.40 million and the lowest estimate coming in at $208.04 million. Huron Consulting Group reported sales of $217.86 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The business is expected to announce its next quarterly earnings results on Thursday, July 29th.
According to Zacks, analysts expect that Huron Consulting Group will report full-year sales of $871.50 million for the current year, with estimates ranging from $862.78 million to $877.20 million. For the next fiscal year, analysts expect that the business will post sales of $946.93 million, with estimates ranging from $931.75 million to $963.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, May 4th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Huron Consulting Group had a return on equity of 8.41% and a net margin of 2.86%. The firm had revenue of $203.30 million for the quarter, compared to analyst estimates of $198.29 million. During the same quarter in the previous year, the company earned $0.44 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis.
In other news, CEO James H. Roth sold 645 shares of the stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $55.76, for a total transaction of $35,965.20. Following the transaction, the chief executive officer now owns 143,722 shares of the company’s stock, valued at $8,013,938.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James H. Roth sold 17,000 shares of the stock in a transaction dated Monday, June 7th. The stock was sold at an average price of $52.91, for a total transaction of $899,470.00. Following the transaction, the chief executive officer now directly owns 148,722 shares in the company, valued at approximately $7,868,881.02. The disclosure for this sale can be found here. Insiders have sold 17,850 shares of company stock valued at $946,153 over the last 90 days. Insiders own 2.13% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in shares of Huron Consulting Group during the first quarter worth about $34,000. Lazard Asset Management LLC bought a new position in shares of Huron Consulting Group during the fourth quarter worth about $73,000. Simplex Trading LLC lifted its position in shares of Huron Consulting Group by 243.5% during the first quarter. Simplex Trading LLC now owns 4,119 shares of the business services provider’s stock worth $207,000 after purchasing an additional 2,920 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Huron Consulting Group during the first quarter worth about $260,000. Finally, HRT Financial LP bought a new position in Huron Consulting Group in the first quarter worth about $278,000. 90.34% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ HURN traded up $0.13 during trading hours on Friday, hitting $52.41. The company had a trading volume of 4,608 shares, compared to its average volume of 112,239. Huron Consulting Group has a fifty-two week low of $37.46 and a fifty-two week high of $61.99. The stock has a market cap of $1.18 billion, a P/E ratio of 48.86 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.86 and a quick ratio of 1.86. The business’s 50 day moving average is $54.57.
About Huron Consulting Group
Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. Its Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.
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