Zacks: Brokerages Anticipate Heidrick & Struggles International, Inc. (HSII) Will Announce Earnings of $0.41 Per Share

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Equities analysts expect that Heidrick & Struggles International, Inc. (NASDAQ:HSII) will post $0.41 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Heidrick & Struggles International’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.47. Heidrick & Struggles International posted earnings per share of $0.15 in the same quarter last year, which suggests a positive year over year growth rate of 173.3%. The company is expected to issue its next quarterly earnings results on Monday, February 25th.

According to Zacks, analysts expect that Heidrick & Struggles International will report full-year earnings of $2.38 per share for the current fiscal year, with EPS estimates ranging from $2.32 to $2.44. For the next fiscal year, analysts anticipate that the business will post earnings of $2.44 per share, with EPS estimates ranging from $2.40 to $2.46. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Heidrick & Struggles International.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings data on Monday, October 29th. The business services provider reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.37. Heidrick & Struggles International had a positive return on equity of 17.49% and a negative net margin of 0.15%. The company had revenue of $192.34 million during the quarter, compared to analyst estimates of $175.81 million.

HSII has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on Heidrick & Struggles International in a research report on Friday, August 10th. They set a “neutral” rating and a $40.00 price objective for the company. BidaskClub raised Heidrick & Struggles International from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. ValuEngine lowered Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. TheStreet lowered Heidrick & Struggles International from a “b-” rating to a “c+” rating in a research report on Friday, September 28th. Finally, Zacks Investment Research lowered Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Heidrick & Struggles International has a consensus rating of “Buy” and an average target price of $40.50.

A number of institutional investors and hedge funds have recently modified their holdings of HSII. Renaissance Technologies LLC boosted its stake in Heidrick & Struggles International by 24.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,467,239 shares of the business services provider’s stock valued at $51,353,000 after purchasing an additional 292,839 shares during the last quarter. Morgan Stanley boosted its stake in Heidrick & Struggles International by 256.9% during the 3rd quarter. Morgan Stanley now owns 380,548 shares of the business services provider’s stock valued at $12,882,000 after purchasing an additional 273,915 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Heidrick & Struggles International during the 2nd quarter valued at $9,475,000. BlackRock Inc. boosted its stake in Heidrick & Struggles International by 8.4% during the 2nd quarter. BlackRock Inc. now owns 2,662,561 shares of the business services provider’s stock valued at $93,189,000 after purchasing an additional 205,788 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Heidrick & Struggles International by 474.4% during the 2nd quarter. American Century Companies Inc. now owns 175,475 shares of the business services provider’s stock valued at $6,142,000 after purchasing an additional 144,927 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

HSII stock traded down $0.51 on Friday, reaching $31.99. 155,581 shares of the company traded hands, compared to its average volume of 125,074. Heidrick & Struggles International has a one year low of $20.95 and a one year high of $45.28. The firm has a market cap of $616.16 million, a PE ratio of 29.35, a price-to-earnings-growth ratio of 1.01 and a beta of 1.54.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Friday, November 9th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, November 8th. This represents a $0.52 annualized dividend and a yield of 1.63%. Heidrick & Struggles International’s dividend payout ratio is 47.71%.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, culture shaping, and leadership consulting services on a retained basis to businesses and business leaders in the Americas, Europe, the Asia Pacific, and internationally. The company enables its clients to build leadership teams by facilitating the recruitment, management, and deployment of senior executives.

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Earnings History and Estimates for Heidrick & Struggles International (NASDAQ:HSII)

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