Zacks: Brokerages Anticipate Huron Consulting Group (HURN) Will Post Earnings of $0.68 Per Share

Wall Street analysts predict that Huron Consulting Group (NASDAQ:HURN) will report earnings of $0.68 per share for the current quarter, according to Zacks. Three analysts have made estimates for Huron Consulting Group’s earnings. The highest EPS estimate is $0.69 and the lowest is $0.66. Huron Consulting Group also posted earnings per share of $0.68 in the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that Huron Consulting Group will report full-year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.11. For the next fiscal year, analysts expect that the company will report earnings of $2.38 per share, with EPS estimates ranging from $2.37 to $2.40. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Huron Consulting Group.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, October 30th. The business services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. The firm had revenue of $198.45 million during the quarter, compared to analysts’ expectations of $187.49 million. Huron Consulting Group had a negative net margin of 2.23% and a positive return on equity of 8.93%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share.

A number of analysts have commented on HURN shares. Benchmark reiterated a “buy” rating and issued a $54.00 price target (up previously from $52.00) on shares of Huron Consulting Group in a research note on Tuesday, September 18th. Barrington Research upgraded shares of Huron Consulting Group from a “market perform” rating to an “outperform” rating and set a $55.00 price target for the company in a research note on Tuesday, August 28th. Zacks Investment Research upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Finally, BidaskClub cut shares of Huron Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.75.

In other news, CEO James H. Roth sold 17,500 shares of the stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $51.28, for a total value of $897,400.00. Following the transaction, the chief executive officer now directly owns 207,897 shares of the company’s stock, valued at $10,660,958.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James D. Edwards sold 735 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $49.21, for a total transaction of $36,169.35. Following the completion of the transaction, the director now directly owns 24,371 shares in the company, valued at $1,199,296.91. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. increased its position in Huron Consulting Group by 266.6% during the third quarter. Franklin Resources Inc. now owns 626,438 shares of the business services provider’s stock worth $30,946,000 after acquiring an additional 455,544 shares during the period. Millennium Management LLC increased its position in Huron Consulting Group by 265.9% during the second quarter. Millennium Management LLC now owns 316,539 shares of the business services provider’s stock worth $12,946,000 after acquiring an additional 230,019 shares during the period. Intrinsic Edge Capital Management LLC bought a new position in Huron Consulting Group during the second quarter worth about $3,272,000. Credit Suisse AG increased its position in Huron Consulting Group by 17.6% during the third quarter. Credit Suisse AG now owns 479,230 shares of the business services provider’s stock worth $23,674,000 after acquiring an additional 71,669 shares during the period. Finally, Martingale Asset Management L P bought a new position in Huron Consulting Group during the third quarter worth about $3,261,000. 89.22% of the stock is currently owned by institutional investors.

HURN stock traded up $0.48 during trading hours on Friday, reaching $52.11. The stock had a trading volume of 79,723 shares, compared to its average volume of 94,501. The stock has a market cap of $1.16 billion, a P/E ratio of 24.24, a P/E/G ratio of 1.82 and a beta of -0.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.37 and a quick ratio of 1.37. Huron Consulting Group has a fifty-two week low of $32.05 and a fifty-two week high of $57.00.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational performance, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

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