Zacks: Brokerages Expect Huron Consulting Group (HURN) Will Announce Quarterly Sales of $204.78 Million

Analysts predict that Huron Consulting Group (NASDAQ:HURN) will report $204.78 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Huron Consulting Group’s earnings, with estimates ranging from $201.84 million to $206.70 million. Huron Consulting Group reported sales of $218.28 million in the same quarter last year, which indicates a negative year over year growth rate of 6.2%. The business is expected to announce its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Huron Consulting Group will report full-year sales of $825.92 million for the current fiscal year, with estimates ranging from $819.95 million to $830.20 million. For the next year, analysts forecast that the company will post sales of $872.01 million, with estimates ranging from $864.50 million to $879.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Huron Consulting Group.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.07. The business had revenue of $204.45 million during the quarter, compared to analyst estimates of $199.92 million. Huron Consulting Group had a return on equity of 9.44% and a net margin of 2.27%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share.

A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. SunTrust Banks upped their price target on Huron Consulting Group to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Zacks Investment Research upgraded Huron Consulting Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Tuesday, May 7th. Benchmark reiterated a “buy” rating and issued a $58.00 price objective (up from $56.00) on shares of Huron Consulting Group in a research report on Thursday, May 2nd. Finally, Barrington Research reiterated a “buy” rating and issued a $57.00 price objective on shares of Huron Consulting Group in a research report on Monday, May 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Huron Consulting Group has a consensus rating of “Buy” and an average price target of $57.75.

In related news, CEO James H. Roth sold 17,500 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $47.10, for a total value of $824,250.00. Following the completion of the transaction, the chief executive officer now directly owns 207,720 shares in the company, valued at $9,783,612. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.86% of the company’s stock.

A number of institutional investors have recently modified their holdings of HURN. Investors Research Corp acquired a new position in Huron Consulting Group during the first quarter worth $47,000. Meeder Asset Management Inc. acquired a new position in Huron Consulting Group during the fourth quarter worth $50,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Huron Consulting Group by 55.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,427 shares of the business services provider’s stock worth $67,000 after purchasing an additional 509 shares in the last quarter. One Wealth Advisors LLC acquired a new position in Huron Consulting Group during the first quarter worth $84,000. Finally, PNC Financial Services Group Inc. lifted its stake in Huron Consulting Group by 22.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the business services provider’s stock worth $88,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 88.36% of the company’s stock.

HURN stock opened at $47.70 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.09 billion, a PE ratio of 22.93, a P/E/G ratio of 1.48 and a beta of -0.04. Huron Consulting Group has a 1 year low of $37.25 and a 1 year high of $57.00.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

See Also: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Get a free copy of the Zacks research report on Huron Consulting Group (HURN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Huron Consulting Group (NASDAQ:HURN)

Receive News & Ratings for Huron Consulting Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huron Consulting Group and related companies with MarketBeat.com's FREE daily email newsletter.