William Blair Has Negative Forecast for HURN Q3 Earnings

Huron Consulting Group Inc. (NASDAQ:HURN) – William Blair cut their Q3 2024 EPS estimates for Huron Consulting Group in a research report issued on Tuesday, October 15th. William Blair analyst A. Nicholas now anticipates that the business services provider will earn $1.65 per share for the quarter, down from their previous estimate of $1.70. The consensus estimate for Huron Consulting Group’s current full-year earnings is $5.95 per share. William Blair also issued estimates for Huron Consulting Group’s Q4 2024 earnings at $1.51 EPS.

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

Huron Consulting Group Trading Up 0.3 %

Shares of HURN opened at $108.03 on Friday. The firm’s 50 day simple moving average is $106.92 and its 200 day simple moving average is $99.85. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.93 and a quick ratio of 1.93. The company has a market capitalization of $1.95 billion, a P/E ratio of 31.13 and a beta of 0.61. Huron Consulting Group has a 1-year low of $84.26 and a 1-year high of $115.65.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.20. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The firm had revenue of $371.70 million during the quarter, compared to analyst estimates of $374.33 million. During the same period last year, the company earned $1.38 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis.

Insider Activity at Huron Consulting Group

In other news, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $108.07, for a total transaction of $88,617.40. Following the transaction, the insider now directly owns 1,565 shares of the company’s stock, valued at approximately $169,129.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $103.13, for a total value of $412,520.00. Following the transaction, the chief executive officer now directly owns 81,081 shares of the company’s stock, valued at approximately $8,361,883.53. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $108.07, for a total transaction of $88,617.40. Following the transaction, the insider now directly owns 1,565 shares of the company’s stock, valued at approximately $169,129.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,168 shares of company stock worth $1,170,515. Company insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Huron Consulting Group

A number of large investors have recently added to or reduced their stakes in HURN. Covestor Ltd boosted its stake in Huron Consulting Group by 26,500.0% during the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after buying an additional 265 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Huron Consulting Group during the 2nd quarter worth approximately $28,000. Daiwa Securities Group Inc. increased its stake in shares of Huron Consulting Group by 800.0% during the first quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock worth $174,000 after buying an additional 1,600 shares during the period. Dakota Wealth Management purchased a new stake in shares of Huron Consulting Group during the 2nd quarter worth $219,000. Finally, PNC Financial Services Group Inc. increased its holdings in Huron Consulting Group by 39.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,555 shares of the business services provider’s stock valued at $263,000 after buying an additional 724 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.