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 5.600-6.100 for the period, compared to the consensus earnings per share estimate of 5.650. 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 $5.60-6.10 EPS.

Analyst Ratings Changes

A number of research firms have recently weighed in on HURN. StockNews.com cut Huron Consulting Group from a buy rating to a hold rating in a research report on Wednesday, February 28th. Barrington Research lifted their target price on Huron Consulting Group from $128.00 to $133.00 and gave the company an outperform rating in a research note on Wednesday, March 6th.

Huron Consulting Group Price Performance

NASDAQ:HURN traded down $0.44 during trading hours on Tuesday, reaching $93.24. The stock had a trading volume of 153,217 shares, compared to its average volume of 118,551. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.32 and a current ratio of 1.32. Huron Consulting Group has a 52 week low of $70.66 and a 52 week high of $113.31. The company has a 50 day moving average price of $96.44 and a two-hundred day moving average price of $100.66. The stock has a market capitalization of $1.72 billion, a PE ratio of 29.28 and a beta of 0.58.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, February 27th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.17. Huron Consulting Group had a return on equity of 17.77% and a net margin of 4.47%. The firm had revenue of $339.23 million for the quarter, compared to the consensus estimate of $341.71 million. During the same quarter in the previous year, the company posted $1.12 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Huron Consulting Group will post 5.64 earnings per share for the current fiscal year.

Insider Activity at Huron Consulting Group

In related news, EVP Ernest W. Jr. Torain sold 650 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $100.00, for a total transaction of $65,000.00. Following the completion of the transaction, the executive vice president now owns 15,050 shares in the company, valued at approximately $1,505,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Huron Consulting Group news, EVP Ernest W. Jr. Torain sold 650 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $100.00, for a total value of $65,000.00. Following the completion of the sale, the executive vice president now directly owns 15,050 shares in the company, valued at approximately $1,505,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Mccartney sold 300 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $96.38, for a total value of $28,914.00. Following the completion of the sale, the director now owns 56,619 shares of the company’s stock, valued at $5,456,939.22. The disclosure for this sale can be found here. Insiders sold a total of 42,080 shares of company stock worth $4,146,076 in the last quarter. 2.20% of the stock is owned by company insiders.

About Huron Consulting Group

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.