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

Huron Consulting Group (NASDAQ:HURN) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $6.00-$6.20 for the period, compared to the consensus EPS estimate of $6.00. The company issued revenue guidance of $1.47-$1.49 billion, compared to the consensus revenue estimate of $1.48 billion.

Analysts Set New Price Targets

Several brokerages recently issued reports on HURN. Benchmark reissued a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, July 31st. Barrington Research restated an “outperform” rating and set a $137.00 price objective on shares of Huron Consulting Group in a report on Monday, September 9th. Finally, StockNews.com upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.75.

Huron Consulting Group Trading Up 0.8 %

Shares of HURN stock traded up $0.85 on Tuesday, reaching $104.99. 104,553 shares of the stock were exchanged, compared to its average volume of 124,477. Huron Consulting Group has a 1-year low of $84.26 and a 1-year high of $115.65. The stock has a market cap of $1.89 billion, a P/E ratio of 30.27 and a beta of 0.61. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average of $107.07 and a two-hundred day moving average of $100.37.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.20. The business had revenue of $371.70 million for the quarter, compared to analyst estimates of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 EPS. On average, research analysts anticipate that Huron Consulting Group will post 5.95 EPS for the current year.

Insider Transactions at Huron Consulting Group

In related news, CEO C. Mark Hussey sold 4,000 shares of Huron Consulting Group stock in a transaction on Monday, August 12th. The shares were sold at an average price of $103.13, for a total transaction of $412,520.00. Following the transaction, the chief executive officer now owns 81,081 shares in the company, valued at approximately $8,361,883.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $102.61, for a total value of $106,919.62. Following the completion of the transaction, the director now owns 30,924 shares in the company, valued at $3,173,111.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $103.13, for a total transaction of $412,520.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 11,168 shares of company stock valued at $1,170,515 over the last 90 days. Corporate insiders own 2.02% of the company’s stock.

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.