Heidrick & Struggles International, Inc. (HSII) Expected to Announce Earnings of $0.63 Per Share

Wall Street analysts forecast that Heidrick & Struggles International, Inc. (NASDAQ:HSII) will announce earnings of $0.63 per share for the current quarter, Zacks reports. Two analysts have made estimates for Heidrick & Struggles International’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.67. Heidrick & Struggles International posted earnings of $0.59 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.8%. The company is scheduled to announce its next quarterly earnings results on Monday, July 29th.

According to Zacks, analysts expect that Heidrick & Struggles International will report full year earnings of $2.62 per share for the current year, with EPS estimates ranging from $2.51 to $2.70. For the next financial year, analysts forecast that the company will report earnings of $2.68 per share, with EPS estimates ranging from $2.53 to $2.83. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Heidrick & Struggles International.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings results on Monday, April 29th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. Heidrick & Struggles International had a net margin of 6.85% and a return on equity of 19.84%. The company had revenue of $171.59 million for the quarter, compared to the consensus estimate of $170.58 million.

Several brokerages have issued reports on HSII. Zacks Investment Research raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, May 2nd. ValuEngine downgraded shares of Heidrick & Struggles International from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. BidaskClub downgraded shares of Heidrick & Struggles International from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Barrington Research upped their price target on shares of Heidrick & Struggles International to $51.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. Finally, Credit Suisse Group upped their price target on shares of Heidrick & Struggles International from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Heidrick & Struggles International has a consensus rating of “Hold” and an average price target of $42.33.

Shares of NASDAQ HSII opened at $34.44 on Friday. Heidrick & Struggles International has a 12-month low of $28.25 and a 12-month high of $45.28. The stock has a market capitalization of $658.42 million, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 0.99 and a beta of 1.36.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, May 9th. Heidrick & Struggles International’s dividend payout ratio is presently 23.81%.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Heidrick & Struggles International by 0.3% in the first quarter. BlackRock Inc. now owns 2,814,580 shares of the business services provider’s stock valued at $107,882,000 after buying an additional 7,672 shares during the last quarter. Vanguard Group Inc raised its position in shares of Heidrick & Struggles International by 1.8% in the third quarter. Vanguard Group Inc now owns 1,130,445 shares of the business services provider’s stock valued at $38,266,000 after buying an additional 19,505 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Heidrick & Struggles International by 1.8% in the third quarter. Vanguard Group Inc. now owns 1,130,445 shares of the business services provider’s stock valued at $38,266,000 after buying an additional 19,505 shares during the last quarter. Royce & Associates LP raised its position in shares of Heidrick & Struggles International by 28.4% in the fourth quarter. Royce & Associates LP now owns 657,195 shares of the business services provider’s stock valued at $20,498,000 after buying an additional 145,433 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Heidrick & Struggles International by 256.9% in the third quarter. Morgan Stanley now owns 380,548 shares of the business services provider’s stock valued at $12,882,000 after buying an additional 273,915 shares during the last quarter. 92.33% of the stock is owned by institutional investors and hedge funds.

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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