Huron Consulting Group (NASDAQ:HURN) Updates FY24 Earnings Guidance

Huron Consulting Group (NASDAQ:HURN) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.85-$6.15 for the period, compared to the consensus estimate of $5.86. Huron Consulting Group also updated its FY 2024 guidance to 5.850-6.150 EPS.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HURN. Truist Financial reiterated a buy rating and issued a $140.00 price target on shares of Huron Consulting Group in a report on Thursday, May 16th. Barrington Research reaffirmed an outperform rating and set a $133.00 price target on shares of Huron Consulting Group in a research note on Tuesday, May 28th. Benchmark restated a buy rating and set a $140.00 price target on shares of Huron Consulting Group in a report on Monday, July 1st. Wedbush restated an outperform rating and issued a $110.00 price target on shares of Huron Consulting Group in a research note on Thursday, May 23rd. Finally, StockNews.com cut Huron Consulting Group from a hold rating to a sell rating in a research report on Friday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, Huron Consulting Group currently has an average rating of Moderate Buy and a consensus target price of $130.75.

Huron Consulting Group Trading Down 0.5 %

HURN stock traded down $0.57 on Tuesday, hitting $112.93. 249,767 shares of the company were exchanged, compared to its average volume of 137,960. Huron Consulting Group has a twelve month low of $84.26 and a twelve month high of $115.65. The business’s fifty day moving average is $98.36 and its two-hundred day moving average is $97.51. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 32.54 and a beta of 0.61. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.40 and a quick ratio of 2.40.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $0.88 by $0.35. Huron Consulting Group had a net margin of 4.67% and a return on equity of 19.21%. The firm had revenue of $355.96 million for the quarter, compared to analysts’ expectations of $348.80 million. During the same quarter last year, the company earned $0.87 EPS. Huron Consulting Group’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, research analysts forecast that Huron Consulting Group will post 5.83 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Mccartney sold 300 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $89.00, for a total value of $26,700.00. Following the sale, the director now owns 57,988 shares in the company, valued at approximately $5,160,932. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Huron Consulting Group news, CEO C. Mark Hussey sold 34,013 shares of Huron Consulting Group stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the completion of the sale, the chief executive officer now owns 85,081 shares in the company, valued at approximately $8,566,805.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Mccartney sold 300 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $89.00, for a total value of $26,700.00. Following the completion of the sale, the director now directly owns 57,988 shares in the company, valued at $5,160,932. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,172 shares of company stock valued at $3,628,318. 2.02% 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.