$179.05 Million in Sales Expected for Heidrick & Struggles International, Inc. (NASDAQ:HSII) This Quarter

Brokerages expect Heidrick & Struggles International, Inc. (NASDAQ:HSII) to report $179.05 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Heidrick & Struggles International’s earnings. The highest sales estimate is $179.20 million and the lowest is $178.90 million. Heidrick & Struggles International posted sales of $192.34 million in the same quarter last year, which suggests a negative year over year growth rate of 6.9%. The firm is expected to announce its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Heidrick & Struggles International will report full year sales of $704.50 million for the current year, with estimates ranging from $702.90 million to $706.09 million. For the next financial year, analysts anticipate that the firm will report sales of $725.14 million, with estimates ranging from $717.32 million to $733.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Heidrick & Struggles International.

Heidrick & Struggles International (NASDAQ:HSII) last issued its quarterly earnings data on Monday, July 29th. The business services provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.12. The company had revenue of $173.12 million for the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.59 earnings per share.



HSII has been the topic of several recent research reports. BidaskClub downgraded shares of Heidrick & Struggles International from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 18th. Zacks Investment Research upgraded shares of Heidrick & Struggles International from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, ValuEngine downgraded shares of Heidrick & Struggles International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.33.

HSII traded up $0.05 during trading on Monday, hitting $26.75. The company’s stock had a trading volume of 914 shares, compared to its average volume of 120,433. 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 one year low of $26.58 and a one year high of $45.28. The stock has a market cap of $527.08 million, a price-to-earnings ratio of 10.63, a PEG ratio of 1.06 and a beta of 1.36. The stock has a 50 day moving average price of $29.38.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a $0.15 dividend. The ex-dividend date is Thursday, August 8th. This represents a $0.60 annualized dividend and a yield of 2.24%. Heidrick & Struggles International’s payout ratio is presently 23.81%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in shares of Heidrick & Struggles International in the first quarter worth $160,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Heidrick & Struggles International by 400.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,560 shares of the business services provider’s stock worth $205,000 after purchasing an additional 5,248 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Heidrick & Struggles International by 12.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 81,555 shares of the business services provider’s stock worth $3,126,000 after purchasing an additional 9,050 shares in the last quarter. James Investment Research Inc. increased its stake in shares of Heidrick & Struggles International by 2.1% in the first quarter. James Investment Research Inc. now owns 18,580 shares of the business services provider’s stock worth $712,000 after purchasing an additional 375 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth $711,000. 91.55% of the stock is owned by hedge funds and other institutional investors.

Heidrick & Struggles International Company Profile

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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