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 6.000-6.200 for the period, compared to the consensus earnings per share estimate of 6.000. 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 $6.00-$6.20 EPS.

Huron Consulting Group Stock Down 2.1 %

Shares of HURN traded down $2.38 during mid-day trading on Friday, reaching $113.35. The company’s stock had a trading volume of 45,954 shares, compared to its average volume of 124,672. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.93. Huron Consulting Group has a 12-month low of $84.26 and a 12-month high of $118.10. The stock has a market cap of $2.01 billion, a PE ratio of 24.84 and a beta of 0.61. The company’s 50 day moving average is $107.48 and its 200 day moving average is $100.67.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.57 by $0.11. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company had revenue of $370.00 million for the quarter, compared to analyst estimates of $377.63 million. During the same period in the prior year, the firm posted $1.39 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that Huron Consulting Group will post 6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HURN shares. Barrington Research reaffirmed an “outperform” rating and issued a $137.00 target price on shares of Huron Consulting Group in a report on Monday, September 9th. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Benchmark restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research note on Wednesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $131.75.

Insider Buying and Selling

In related news, CEO C. Mark Hussey sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $103.13, for a total value of $412,520.00. Following the completion of the transaction, the chief executive officer now directly owns 81,081 shares of the company’s stock, valued at $8,361,883.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO C. Mark Hussey sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $103.13, for a total value of $412,520.00. Following the completion of the transaction, the chief executive officer now owns 81,081 shares of the company’s stock, valued at $8,361,883.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $102.61, for a total value of $106,919.62. Following the completion of the sale, the director now directly owns 30,924 shares of the company’s stock, valued at approximately $3,173,111.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,348 shares of company stock valued at $1,081,897 over the last quarter. Company insiders own 2.02% of the company’s stock.

Huron Consulting Group Company Profile

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.