Huron Consulting Group Inc. (HURN) Set to Announce Earnings on Thursday
Huron Consulting Group Inc. (NASDAQ:HURN) is set to post its quarterly earnings results after the market closes on Thursday, October 20th. Analysts expect Huron Consulting Group to post earnings of $0.83 per share for the quarter. Huron Consulting Group has set its FY16 guidance at $3.35-3.50 EPS.
Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.29. Huron Consulting Group had a net margin of 7.22% and a return on equity of 13.17%. The business had revenue of $184.26 million for the quarter, compared to the consensus estimate of $186.50 million. During the same quarter last year, the firm posted $1.14 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts expect Huron Consulting Group to post $3.42 EPS for the current fiscal year and $3.76 EPS for the next fiscal year.
Shares of Huron Consulting Group Inc. (NASDAQ:HURN) opened at 55.80 on Wednesday. The company’s 50-day moving average is $59.89 and its 200-day moving average is $59.76. Huron Consulting Group Inc. has a 12-month low of $43.35 and a 12-month high of $65.00. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 20.53 and a beta of 0.53.
HURN has been the topic of several analyst reports. Barrington Research lifted their target price on shares of Huron Consulting Group from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. Zacks Investment Research downgraded shares of Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Huron Consulting Group has an average rating of “Buy” and a consensus price target of $68.33.
In related news, CEO James H. Roth sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $60.89, for a total transaction of $456,675.00. Following the transaction, the chief executive officer now directly owns 173,585 shares of the company’s stock, valued at $10,569,590.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Massaro sold 969 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $63.27, for a total transaction of $61,308.63. Following the transaction, the director now directly owns 18,290 shares in the company, valued at $1,157,208.30. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HURN. Atlanta Capital Management Co. L L C increased its position in shares of Huron Consulting Group by 6.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 448,984 shares of the company’s stock worth $27,128,000 after buying an additional 26,556 shares during the last quarter. Piermont Capital Management Inc. acquired a new stake in Huron Consulting Group during the second quarter worth about $1,195,000. Teachers Advisors Inc. boosted its stake in Huron Consulting Group by 0.5% in the second quarter. Teachers Advisors Inc. now owns 34,393 shares of the company’s stock worth $2,078,000 after buying an additional 165 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Huron Consulting Group by 13.0% in the second quarter. TIAA CREF Investment Management LLC now owns 78,283 shares of the company’s stock worth $4,730,000 after buying an additional 9,002 shares during the period. Finally, United Services Automobile Association boosted its stake in Huron Consulting Group by 7.4% in the second quarter. United Services Automobile Association now owns 226,904 shares of the company’s stock worth $13,710,000 after buying an additional 15,641 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
About Huron Consulting Group
Huron Consulting Group Inc is a professional services firm focused on assisting clients with their business issues by delivering solutions to support their strategic objectives. The Company’s segments are Huron Healthcare, which provides advisory, consulting and technology solutions to national and regional hospitals and integrated health systems, academic medical centers, community hospitals and physician practices; Huron Education and Life Sciences, which provides management consulting services and software solutions to the higher education, academic medical center, pharmaceutical and medical device, and research industries; Huron Business Advisory, which provides services to the C-suite of middle market and organizations, institutions, law firms, investment banks and private equity firms, and All Other.
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