Huron Consulting Group (NASDAQ:HURN) Releases FY 2024 Earnings Guidance

by · The Cerbat Gem

Huron Consulting Group (NASDAQ:HURN – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HURN shares. StockNews.com upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. 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. 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Huron Consulting Group currently has a consensus rating of “Moderate Buy” and an average target price of $131.75.

Check Out Our Latest Stock Report on HURN

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock traded up $11.16 during trading on Wednesday, reaching $116.15. The company’s stock had a trading volume of 168,654 shares, compared to its average volume of 124,687. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.99. The firm has a market cap of $2.09 billion, a PE ratio of 33.47 and a beta of 0.61. Huron Consulting Group has a fifty-two week low of $84.26 and a fifty-two week high of $118.10. The company has a 50-day moving average price of $107.06 and a two-hundred day moving average price of $100.45.

Huron Consulting Group (NASDAQ:HURN – Get Free Report) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The business had revenue of $370.00 million for the quarter, compared to analyst estimates of $377.63 million. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts forecast that Huron Consulting Group will post 5.95 EPS for the current year.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction dated 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 transaction, the director now directly owns 30,924 shares of the company’s stock, valued at approximately $3,173,111.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Kyle Featherstone sold 820 shares of Huron Consulting Group stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $108.07, for a total transaction of $88,617.40. Following the completion of the sale, the insider now owns 1,565 shares in the company, valued at approximately $169,129.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $102.61, for a total transaction of $106,919.62. Following the completion of the transaction, 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. In the last three months, insiders sold 11,168 shares of company stock valued at $1,170,515. Corporate insiders own 2.02% of the company’s stock.

About Huron Consulting Group

(Get Free Report)

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.

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