Huron Consulting Group (NASDAQ:HURN) Issues Earnings Results, Beats Expectations By $0.52 EPS

Huron Consulting Group (NASDAQ:HURN - Get Free Report) posted its quarterly earnings results on Tuesday. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.52, Zacks reports. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%.

Huron Consulting Group Stock Up 0.5 %

NASDAQ HURN traded up $0.68 during trading hours on Tuesday, hitting $135.94. 217,604 shares of the company traded hands, compared to its average volume of 146,099. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 29.55 and a beta of 0.37. Huron Consulting Group has a twelve month low of $84.26 and a twelve month high of $153.85. The business's 50-day moving average is $141.98 and its 200-day moving average is $129.05. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

Wall Street Analysts Forecast Growth

HURN has been the subject of several research analyst reports. Barrington Research reiterated an "outperform" rating and issued a $167.00 price objective on shares of Huron Consulting Group in a research report on Thursday, March 27th. Truist Financial upped their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Benchmark reiterated a "buy" rating and set a $165.00 target price on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Finally, Wedbush raised their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $169.25.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $126.03, for a total value of $252,060.00. Following the sale, the director now owns 48,534 shares in the company, valued at $6,116,740.02. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total value of $75,565.00. Following the transaction, the director now owns 55,688 shares of the company's stock, valued at $8,416,127.44. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,781 shares of company stock worth $11,484,452 in the last 90 days. Corporate insiders own 2.15% 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.

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