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

Key Points

• Huron Consulting Group reported quarterly EPS of $2.62, beating estimates of $2.47 by $0.15; revenue of $491.45 million also exceeded expectations of $481.38 million.
• Analysts maintain a Moderate Buy consensus, with an average price target of $200.50; six analysts rate the stock Buy and one rates it Hold.
• Shares rose to $198.17 in Tuesday midday trading and were near their 52-week high of $203.37.

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

Huron Consulting Group Price Performance

HURN stock traded up $3.17 during midday trading on Tuesday, reaching $198.17. The company had a trading volume of 583,999 shares, compared to its average volume of 300,988. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 29.67 and a beta of 0.09. The stock has a 50 day moving average price of $166.72 and a 200-day moving average price of $138.84. Huron Consulting Group has a 1-year low of $84.88 and a 1-year high of $203.37. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.71 and a quick ratio of 1.71.

Wall Street Analysts Forecast Growth

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

About Huron Consulting Group

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.

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