Equities analysts expect Heidrick & Struggles (NASDAQ:HSII) to report $155.60 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Heidrick & Struggles’ earnings. The highest sales estimate is $158.60 million and the lowest is $153.35 million. Heidrick & Struggles posted sales of $140.01 million in the same quarter last year, which suggests a positive year over year growth rate of 11.1%. The business is scheduled to issue its next quarterly earnings report on Monday, April 23rd.
According to Zacks, analysts expect that Heidrick & Struggles will report full year sales of $155.60 million for the current fiscal year, with estimates ranging from $634.99 million to $655.75 million. For the next fiscal year, analysts expect that the business will report sales of $679.79 million per share, with estimates ranging from $668.34 million to $688.42 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Heidrick & Struggles.
Heidrick & Struggles (NASDAQ:HSII) last released its quarterly earnings data on Monday, February 26th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.17). Heidrick & Struggles had a positive return on equity of 8.65% and a negative net margin of 7.60%. The business had revenue of $169.38 million during the quarter, compared to analyst estimates of $156.62 million. During the same period in the previous year, the company earned $0.23 EPS. Heidrick & Struggles’s revenue was up 6.0% on a year-over-year basis.
Several equities research analysts have recently issued reports on HSII shares. Zacks Investment Research lowered shares of Heidrick & Struggles from a “buy” rating to a “hold” rating in a research report on Thursday, March 8th. BidaskClub upgraded shares of Heidrick & Struggles from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.33.
Several hedge funds have recently made changes to their positions in HSII. First Quadrant L P CA purchased a new position in shares of Heidrick & Struggles in the fourth quarter valued at $167,000. Ellington Management Group LLC purchased a new position in shares of Heidrick & Struggles in the fourth quarter valued at $218,000. BNP Paribas Arbitrage SA boosted its stake in shares of Heidrick & Struggles by 43.3% in the third quarter. BNP Paribas Arbitrage SA now owns 10,671 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 3,222 shares during the period. MetLife Investment Advisors LLC bought a new position in Heidrick & Struggles during the 4th quarter valued at $237,000. Finally, Bogle Investment Management L P DE bought a new position in Heidrick & Struggles during the 4th quarter valued at $241,000. Institutional investors and hedge funds own 83.59% of the company’s stock.
Shares of Heidrick & Struggles stock traded up $0.15 during trading hours on Tuesday, hitting $31.60. The company’s stock had a trading volume of 71,690 shares, compared to its average volume of 115,483. Heidrick & Struggles has a 1-year low of $17.90 and a 1-year high of $32.65. The firm has a market capitalization of $586.98, a P/E ratio of 28.36, a PEG ratio of 1.50 and a beta of 1.41.
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Heidrick & Struggles Company Profile
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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