Huron Consulting Group (NASDAQ:HURN) Issues Earnings Results, Beats Estimates By $0.15 EPS

Huron Consulting Group (NASDAQ:HURN) announced its quarterly earnings data on Tuesday. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.15, FiscalAI reports. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The business had revenue of $491.45 million for the quarter, compared to analysts’ expectations of $481.38 million.

Huron Consulting Group Price Performance

Shares of NASDAQ HURN traded up $3.17 during midday trading on Tuesday, reaching $198.17. 583,999 shares of the company were exchanged, compared to its average volume of 300,988. The stock’s 50-day moving average price is $166.72 and its 200-day moving average price is $138.84. The stock has a market cap of $3.15 billion, a P/E ratio of 29.67 and a beta of 0.09. Huron Consulting Group has a one year low of $84.88 and a one year high of $203.37. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.11.

Analysts Set New Price Targets

Several research firms have weighed in on HURN. Evercore upgraded Huron Consulting Group to an “outperform” rating in a research note on Friday, October 23rd. Wall Street Zen upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Truist Financial boosted their price target on Huron Consulting Group from $175.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Zacks Research downgraded Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Weiss Ratings raised Huron Consulting Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Huron Consulting Group has an average rating of “Moderate Buy” and an average price target of $200.50.

Huron Consulting Group Company Profile

Huron Consulting Group, Inc is a professional services firm that helps organizations improve performance, manage change, and use technology to address complex business challenges. The company serves clients in the healthcare, education, and public sectors, as well as commercial organizations.

Its services include operational and financial improvement, strategy and organizational consulting, digital transformation, technology implementation, data and analytics, and managed services. Huron also provides specialized advisory support for hospitals and health systems, colleges and universities, government agencies, and businesses seeking to improve processes, financial performance, and customer or patient experiences.

Founded in 2002 and headquartered in Chicago, Huron serves clients across the United States and internationally.