Zacks: Brokerages Expect Huron Consulting Group (NASDAQ:HURN) to Announce $0.66 Earnings Per Share
Equities research analysts forecast that Huron Consulting Group (NASDAQ:HURN) will report $0.66 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Huron Consulting Group’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.69. Huron Consulting Group reported earnings per share of $0.64 in the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The company is scheduled to report its next quarterly earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that Huron Consulting Group will report full year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.49 to $2.50. For the next year, analysts anticipate that the business will post earnings of $2.67 per share, with EPS estimates ranging from $2.60 to $2.77. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Huron Consulting Group.
Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.16. Huron Consulting Group had a net margin of 2.76% and a return on equity of 10.01%. The business had revenue of $220.80 million during the quarter, compared to analyst estimates of $205.51 million. During the same period last year, the business posted $0.58 earnings per share. Huron Consulting Group’s quarterly revenue was up 11.8% compared to the same quarter last year.
HURN traded up $0.91 on Monday, hitting $62.96. The company had a trading volume of 2,654 shares, compared to its average volume of 85,113. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.59 and a quick ratio of 0.59. Huron Consulting Group has a 52-week low of $44.78 and a 52-week high of $64.39. The stock has a fifty day simple moving average of $59.63 and a 200-day simple moving average of $51.94. The firm has a market capitalization of $1.42 billion, a P/E ratio of 30.22, a P/E/G ratio of 1.84 and a beta of -0.07.
In other Huron Consulting Group news, Director George Massaro sold 547 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $50.02, for a total transaction of $27,360.94. Following the completion of the transaction, the director now owns 21,999 shares of the company’s stock, valued at $1,100,389.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James H. Roth sold 17,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $62.90, for a total transaction of $1,100,750.00. Following the transaction, the chief executive officer now directly owns 189,795 shares of the company’s stock, valued at approximately $11,938,105.50. The disclosure for this sale can be found here. Insiders have sold 29,047 shares of company stock valued at $1,799,221 in the last ninety days. Insiders own 2.86% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new position in shares of Huron Consulting Group during the second quarter valued at approximately $42,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Huron Consulting Group by 55.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,427 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 509 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Huron Consulting Group during the second quarter valued at approximately $95,000. Panagora Asset Management Inc. bought a new stake in shares of Huron Consulting Group during the second quarter valued at approximately $147,000. Finally, Aperio Group LLC bought a new stake in shares of Huron Consulting Group during the second quarter valued at approximately $185,000. 88.71% of the stock is owned by institutional investors and hedge funds.
About Huron Consulting Group
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 excellence, 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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