Huron Consulting Group (NASDAQ:HURN) Announces Quarterly Earnings Results

Huron Consulting Group (NASDAQ:HURN - Get Free Report) posted its quarterly earnings results on Tuesday. The business services provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.35, Briefing.com reports. Huron Consulting Group had a net margin of 4.47% and a return on equity of 17.77%. The company had revenue of $355.96 million during the quarter, compared to analyst estimates of $348.80 million. During the same period in the prior year, the business posted $0.87 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. Huron Consulting Group updated its FY24 guidance to $5.60-6.10 EPS and its FY 2024 guidance to 5.600-6.100 EPS.

Huron Consulting Group Stock Performance

NASDAQ HURN traded down $6.17 on Wednesday, reaching $87.07. 274,649 shares of the stock were exchanged, compared to its average volume of 120,676. Huron Consulting Group has a one year low of $70.66 and a one year high of $113.31. The firm has a market capitalization of $1.61 billion, a PE ratio of 27.33 and a beta of 0.58. The company's 50-day simple moving average is $96.21 and its two-hundred day simple moving average is $100.59. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HURN shares. Barrington Research upped their target price on shares of Huron Consulting Group from $128.00 to $133.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 6th. Benchmark reaffirmed a "buy" rating and issued a $140.00 target price on shares of Huron Consulting Group in a research report on Wednesday. Finally, StockNews.com downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 28th.

Insiders Place Their Bets

In other Huron Consulting Group news, Director John Mccartney sold 300 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $96.38, for a total transaction of $28,914.00. Following the sale, the director now owns 56,619 shares in the company, valued at approximately $5,456,939.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Huron Consulting Group news, Director John Mccartney sold 300 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $96.38, for a total transaction of $28,914.00. Following the completion of the sale, the director now directly owns 56,619 shares of the company's stock, valued at approximately $5,456,939.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C. Mark Hussey sold 4,000 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $104.48, for a total transaction of $417,920.00. Following the completion of the transaction, the chief executive officer now directly owns 98,286 shares of the company's stock, valued at $10,268,921.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,080 shares of company stock worth $4,146,076. Company insiders own 2.20% 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.