William Blair Weighs in on Huron Consulting Group Inc.’s Q2 2018 Earnings (HURN)
Huron Consulting Group Inc. (NASDAQ:HURN) – Stock analysts at William Blair issued their Q2 2018 earnings estimates for Huron Consulting Group in a research report issued on Wednesday. William Blair analyst T. Mchugh forecasts that the business services provider will post earnings of $0.59 per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Huron Consulting Group’s Q4 2018 earnings at $0.65 EPS.
Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.18). Huron Consulting Group had a negative net margin of 15.94% and a positive return on equity of 8.83%. The firm 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 company posted $1.09 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis.
Several other analysts have also commented on HURN. Zacks Investment Research lowered shares of Huron Consulting Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 31st. TheStreet cut Huron Consulting Group from a “c” rating to a “d+” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Huron Consulting Group presently has a consensus rating of “Hold” and an average price target of $51.00.
Huron Consulting Group (NASDAQ HURN) traded up 0.57% during mid-day trading on Monday, reaching $35.35. 18,111 shares of the company were exchanged. The company’s market capitalization is $759.74 million. Huron Consulting Group has a 1-year low of $29.53 and a 1-year high of $59.55. The company has a 50 day moving average of $32.26 and a 200-day moving average of $39.24.
Large investors have recently modified their holdings of the stock. Pacad Investment Ltd. raised its holdings in Huron Consulting Group by 80.0% in the 2nd quarter. Pacad Investment Ltd. now owns 2,700 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,200 shares during the period. Victory Capital Management Inc. boosted its stake in Huron Consulting Group by 81.2% during the first quarter. Victory Capital Management Inc. now owns 2,961 shares of the business services provider’s stock worth $125,000 after buying an additional 1,327 shares during the period. Quantbot Technologies LP boosted its stake in Huron Consulting Group by 18.1% during the first quarter. Quantbot Technologies LP now owns 3,823 shares of the business services provider’s stock worth $160,000 after buying an additional 585 shares during the period. SG Americas Securities LLC boosted its stake in Huron Consulting Group by 72.0% during the first quarter. SG Americas Securities LLC now owns 4,006 shares of the business services provider’s stock worth $169,000 after buying an additional 1,677 shares during the period. Finally, Bank of Montreal Can purchased a new position in Huron Consulting Group during the second quarter worth about $177,000. 88.49% of the stock is 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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