Zacks: Brokerages Expect Huron Consulting Group Inc. (HURN) Will Post Earnings of $0.55 Per Share

Wall Street brokerages forecast that Huron Consulting Group Inc. (NASDAQ:HURN) will announce earnings of $0.55 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Huron Consulting Group’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.62. Huron Consulting Group posted earnings per share of $0.92 in the same quarter last year, which indicates a negative year-over-year growth rate of 40.2%. The business is expected to issue its next earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Huron Consulting Group will report full year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.20 to $2.23. For the next financial year, analysts expect that the company will report earnings of $2.48 per share, with EPS estimates ranging from $2.45 to $2.54. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Huron Consulting Group.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.18). Huron Consulting Group had a positive return on equity of 8.83% and a negative net margin of 15.94%. The company had revenue of $181.40 million for the quarter, compared to the consensus estimate of $191.83 million. During the same quarter in the previous year, the business earned $1.09 earnings per share. Huron Consulting Group’s revenue was down 1.6% compared to the same quarter last year.

Several equities research analysts have weighed in on the company. ValuEngine cut Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Benchmark Co. assumed coverage on Huron Consulting Group in a research note on Tuesday, May 23rd. They set a “hold” rating on the stock. Zacks Investment Research cut Huron Consulting Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 31st. TheStreet cut Huron Consulting Group from a “c” rating to a “d+” rating in a research note on Monday, July 31st. Finally, William Blair raised Huron Consulting Group from a “market perform” rating to an “outperform” rating in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $51.00.

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Huron Consulting Group (HURN) traded up 0.15% during trading on Thursday, reaching $33.10. The company had a trading volume of 306,273 shares. The company’s market capitalization is $731.74 million. The firm’s 50 day moving average is $32.28 and its 200 day moving average is $39.95. Huron Consulting Group has a one year low of $29.52 and a one year high of $62.28.

In other news, Director James D. Edwards sold 602 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $43.32, for a total transaction of $26,078.64. Following the transaction, the director now owns 22,730 shares of the company’s stock, valued at $984,663.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. bought a new position in shares of Huron Consulting Group during the second quarter valued at approximately $13,881,000. PNC Financial Services Group Inc. grew its stake in shares of Huron Consulting Group by 121.3% during the first quarter. PNC Financial Services Group Inc. now owns 6,742 shares of the business services provider’s stock valued at $284,000 after buying an additional 3,696 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Huron Consulting Group by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 109,035 shares of the business services provider’s stock valued at $4,590,000 after buying an additional 6,926 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of Huron Consulting Group by 175.9% during the first quarter. Citadel Advisors LLC now owns 69,583 shares of the business services provider’s stock valued at $2,929,000 after buying an additional 44,365 shares during the last quarter. Finally, Virginia Retirement Systems ET AL grew its stake in shares of Huron Consulting Group by 16.8% during the first quarter. Virginia Retirement Systems ET AL now owns 22,900 shares of the business services provider’s stock valued at $964,000 after buying an additional 3,300 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Huron Consulting Group Company Profile

Huron Consulting Group Inc is a global professional services firm. The Company offers solutions in operations, advisory services, technology and analytics for healthcare, higher education, life sciences and commercial sectors. The Company’s segments include Healthcare, Education and Life Sciences, and Business Advisory.

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Earnings History and Estimates for Huron Consulting Group (NASDAQ:HURN)

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