Q3 2019 EPS Estimates for Heidrick & Struggles International, Inc. (NASDAQ:HSII) Lowered by Barrington Research

Heidrick & Struggles International, Inc. (NASDAQ:HSII) – Equities research analysts at Barrington Research cut their Q3 2019 earnings estimates for shares of Heidrick & Struggles International in a note issued to investors on Wednesday, July 31st. Barrington Research analyst K. Steinke now expects that the business services provider will earn $0.70 per share for the quarter, down from their previous forecast of $0.80. Barrington Research also issued estimates for Heidrick & Struggles International’s Q4 2019 earnings at $0.58 EPS, FY2019 earnings at $2.64 EPS and FY2020 earnings at $2.68 EPS.

Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Heidrick & Struggles International from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 18th. ValuEngine lowered shares of Heidrick & Struggles International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Finally, Zacks Investment Research raised shares of Heidrick & Struggles International from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.33.

Heidrick & Struggles International stock opened at $28.20 on Monday. The firm has a market cap of $563.81 million, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.13 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 1.49. Heidrick & Struggles International has a fifty-two week low of $27.42 and a fifty-two week high of $45.28. The stock’s fifty day moving average price is $30.04.

Heidrick & Struggles International (NASDAQ:HSII) last released its earnings results on Monday, July 29th. The business services provider reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.12. The firm had revenue of $173.12 million during the quarter, compared to analyst estimates of $177.92 million. Heidrick & Struggles International had a net margin of 7.32% and a return on equity of 19.96%. During the same quarter in the previous year, the business earned $0.59 EPS.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in shares of Heidrick & Struggles International by 10.1% during the first quarter. Acadian Asset Management LLC now owns 360,674 shares of the business services provider’s stock valued at $13,824,000 after buying an additional 32,948 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Heidrick & Struggles International by 13.7% during the fourth quarter. Geode Capital Management LLC now owns 349,710 shares of the business services provider’s stock valued at $10,907,000 after buying an additional 42,131 shares during the last quarter. Marshall Wace LLP raised its position in shares of Heidrick & Struggles International by 38.4% during the first quarter. Marshall Wace LLP now owns 277,371 shares of the business services provider’s stock valued at $10,632,000 after buying an additional 76,946 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of Heidrick & Struggles International by 42.9% during the first quarter. Federated Investors Inc. PA now owns 271,096 shares of the business services provider’s stock valued at $10,391,000 after buying an additional 81,379 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Heidrick & Struggles International by 63.7% during the first quarter. JPMorgan Chase & Co. now owns 215,717 shares of the business services provider’s stock valued at $8,268,000 after buying an additional 83,957 shares during the last quarter. 91.19% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, August 8th. Heidrick & Struggles International’s dividend payout ratio is currently 23.81%.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search and consulting services 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 development of senior executives.

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

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