Equities research analysts predict that Huron Consulting Group Inc. (NASDAQ:HURN) will report sales of $184.16 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Huron Consulting Group’s earnings. The lowest sales estimate is $176.38 million and the highest is $194.80 million. Huron Consulting Group posted sales of $202.49 million during the same quarter last year, which suggests a negative year over year growth rate of 9.1%. The business is scheduled to announce its next earnings results on Tuesday, November 7th.
On average, analysts expect that Huron Consulting Group will report full-year sales of $184.16 million for the current year, with estimates ranging from $729.71 million to $771.10 million. For the next year, analysts expect that the company will report sales of $763.66 million per share, with estimates ranging from $717.58 million to $806.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.49 earnings per share 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 firm had revenue of $181.40 million for the quarter, compared to analysts’ expectations of $191.83 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis.
Several equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, May 3rd. Benchmark Co. assumed coverage on shares of Huron Consulting Group in a research report on Tuesday, May 23rd. They set a “hold” rating for the company. Finally, TheStreet downgraded shares of Huron Consulting Group from a “c” rating to a “d+” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Huron Consulting Group has an average rating of “Hold” and a consensus price target of $51.00.
Huron Consulting Group (NASDAQ HURN) opened at 33.00 on Thursday. The stock’s market capitalization is $709.24 million. The firm’s 50-day moving average is $41.11 and its 200 day moving average is $42.81. Huron Consulting Group has a 52-week low of $32.85 and a 52-week high of $64.00.
In related news, Director James D. Edwards sold 602 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $43.32, for a total value of $26,078.64. Following the completion of 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 can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HURN. Van Berkom & Associates Inc. acquired a new position in Huron Consulting Group during the second quarter worth $49,231,000. Norges Bank acquired a new position in Huron Consulting Group during the fourth quarter worth $18,029,000. American Century Companies Inc. acquired a new position in Huron Consulting Group during the second quarter worth $13,881,000. Boston Partners increased its position in Huron Consulting Group by 48.3% in the first quarter. Boston Partners now owns 733,269 shares of the business services provider’s stock worth $30,870,000 after buying an additional 238,882 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Huron Consulting Group during the first quarter worth $4,423,000. 92.87% of the stock is owned by institutional investors and hedge funds.
About Huron Consulting Group
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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