Zacks: Brokerages Expect Heidrick & Struggles International, Inc. (NASDAQ:HSII) Will Announce Earnings of $0.69 Per Share

Equities analysts forecast that Heidrick & Struggles International, Inc. (NASDAQ:HSII) will post earnings of $0.69 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Heidrick & Struggles International’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.68. Heidrick & Struggles International posted earnings per share of $0.85 during the same quarter last year, which indicates a negative year over year growth rate of 18.8%. The firm is expected to announce its next earnings results after the market closes on Monday, October 28th.

On average, 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 $2.60 to $2.64. For the next financial year, analysts anticipate that the firm will post earnings of $2.60 per share, with EPS estimates ranging from $2.51 to $2.68. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Heidrick & Struggles International.

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

Separately, Zacks Investment Research lowered shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $39.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in HSII. Marshall Wace LLP raised its position in 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 purchasing an additional 76,946 shares during the period. Marshall Wace North America L.P. raised its holdings in shares of Heidrick & Struggles International by 1,927.7% in the first quarter. Marshall Wace North America L.P. now owns 3,224 shares of the business services provider’s stock worth $124,000 after buying an additional 3,065 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth approximately $711,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth approximately $271,000. Finally, New York State Teachers Retirement System raised its holdings in shares of Heidrick & Struggles International by 6.8% in the second quarter. New York State Teachers Retirement System now owns 42,625 shares of the business services provider’s stock worth $1,277,000 after buying an additional 2,700 shares during the period. Hedge funds and other institutional investors own 92.90% of the company’s stock.

NASDAQ HSII traded up $0.30 during mid-day trading on Thursday, reaching $27.09. 114,100 shares of the stock were exchanged, compared to its average volume of 135,334. Heidrick & Struggles International has a 1-year low of $25.07 and a 1-year high of $44.66. The business’s fifty day simple moving average is $26.74 and its 200 day simple moving average is $31.17. The stock has a market capitalization of $517.66 million, a PE ratio of 10.75, a PEG ratio of 1.00 and a beta of 1.33. 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 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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