William Blair Weighs in on Huron Consulting Group Inc.’s Q1 2018 Earnings (HURN)
Huron Consulting Group Inc. (NASDAQ:HURN) – Equities research analysts at William Blair issued their Q1 2018 EPS estimates for shares of Huron Consulting Group in a research note issued to investors on Wednesday. William Blair analyst T. Mchugh forecasts that the business services provider will earn $0.57 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Huron Consulting Group’s Q3 2018 earnings at $0.64 EPS.
Several other equities analysts also recently commented on HURN. TheStreet downgraded shares of Huron Consulting Group from a “c” rating to a “d+” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of Huron Consulting Group from a “hold” rating to a “strong sell” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.00.
Huron Consulting Group (NASDAQ:HURN) opened at 34.30 on Friday. Huron Consulting Group has a 12-month low of $29.53 and a 12-month high of $62.28. The stock’s 50 day moving average is $32.12 and its 200-day moving average is $39.76. The company’s market capitalization is $737.18 million.
Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.18). The business had revenue of $181.40 million for the quarter, compared to the consensus estimate of $191.83 million. Huron Consulting Group had a positive return on equity of 8.83% and a negative net margin of 15.94%. Huron Consulting Group’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 earnings per share.
In other Huron Consulting Group news, Director James D. Edwards sold 602 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $43.32, for a total transaction of $26,078.64. Following the completion of the sale, the director now owns 22,730 shares of the company’s stock, valued at approximately $984,663.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in HURN. Pacad Investment Ltd. increased its position in Huron Consulting Group by 80.0% during the 2nd quarter. Pacad Investment Ltd. now owns 2,700 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,200 shares during the period. Victory Capital Management Inc. increased its position in Huron Consulting Group by 81.2% during the 1st quarter. Victory Capital Management Inc. now owns 2,961 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 1,327 shares during the period. Quantbot Technologies LP increased its position in Huron Consulting Group by 18.1% during the 1st quarter. Quantbot Technologies LP now owns 3,823 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 585 shares during the period. SG Americas Securities LLC increased its position in Huron Consulting Group by 72.0% during the 1st quarter. SG Americas Securities LLC now owns 4,006 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 1,677 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Huron Consulting Group during the 2nd quarter valued at approximately $177,000. 88.49% 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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