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

Huron Consulting Group (NASDAQ:HURN) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 5.850-6.150 for the period, compared to the consensus EPS estimate of 5.860. 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 $5.85-$6.15 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HURN. Benchmark restated a buy rating and issued a $140.00 target price on shares of Huron Consulting Group in a report on Monday, July 1st. StockNews.com lowered shares of Huron Consulting Group from a hold rating to a sell rating in a report on Friday. Truist Financial restated a buy rating and issued a $140.00 target price on shares of Huron Consulting Group in a report on Thursday, May 16th. Wedbush restated an outperform rating and issued a $110.00 target price on shares of Huron Consulting Group in a report on Thursday, May 23rd. Finally, Barrington Research restated an outperform rating and issued a $133.00 target price on shares of Huron Consulting Group in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $130.75.

Huron Consulting Group Stock Down 0.5 %

HURN stock traded down $0.57 during trading on Tuesday, reaching $112.93. The stock had a trading volume of 249,767 shares, compared to its average volume of 137,960. Huron Consulting Group has a one year low of $84.26 and a one year high of $115.65. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $98.36 and its two-hundred day moving average is $97.51. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 32.54 and a beta of 0.61.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.35. Huron Consulting Group had a net margin of 4.67% and a return on equity of 19.21%. The business had revenue of $355.96 million during the quarter, compared to the consensus estimate of $348.80 million. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts forecast that Huron Consulting Group will post 5.83 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Mccartney sold 300 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $89.00, for a total transaction of $26,700.00. Following the completion of the transaction, the director now directly owns 57,988 shares of the company’s stock, valued at approximately $5,160,932. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO C. Mark Hussey sold 34,013 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the completion of the transaction, the chief executive officer now directly owns 85,081 shares of the company’s stock, valued at approximately $8,566,805.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Mccartney sold 300 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $89.00, for a total transaction of $26,700.00. Following the transaction, the director now directly owns 57,988 shares of the company’s stock, valued at $5,160,932. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,172 shares of company stock valued at $3,628,318. Corporate insiders own 2.02% of the company’s stock.

About Huron Consulting Group

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.