Star Equity (STRR) to Release Earnings on Tuesday

Star Equity (NASDAQ:STRR) is projected to issue its results before the market opens on Tuesday, May 12th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $52.5720 million for the quarter.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings results on Tuesday, March 17th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). The company had revenue of $56.79 million during the quarter, compared to analysts’ expectations of $59.08 million. Star Equity had a negative net margin of 3.44% and a negative return on equity of 1.17%. On average, analysts expect Star Equity to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Star Equity Price Performance

Shares of STRR stock traded down $0.22 during trading hours on Tuesday, reaching $9.35. The company had a trading volume of 234 shares, compared to its average volume of 7,892. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.10. The stock has a fifty day moving average of $9.77 and a 200-day moving average of $10.27. The company has a market capitalization of $34.69 million, a price-to-earnings ratio of -4.56 and a beta of 0.43. Star Equity has a 12-month low of $8.26 and a 12-month high of $11.99.

Analysts Set New Price Targets

STRR has been the subject of a number of analyst reports. Zacks Research upgraded Star Equity from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. Noble Financial upgraded Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Finally, Litchfield Hills Research upped their price objective on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Star Equity currently has a consensus rating of “Hold” and an average price target of $16.50.

Insider Activity at Star Equity

In other news, CEO Jeffrey E. Eberwein sold 7,722 shares of the company’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $9.95, for a total value of $76,833.90. Following the transaction, the chief executive officer owned 764,217 shares of the company’s stock, valued at $7,603,959.15. This represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders acquired 4,227 shares of company stock valued at $42,248 and sold 23,000 shares valued at $229,020. 10.40% of the stock is currently owned by company insiders.

Institutional Trading of Star Equity

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC purchased a new position in Star Equity in the fourth quarter valued at $352,000. Heartland Advisors Inc. purchased a new position in shares of Star Equity during the fourth quarter worth about $140,000. Dimensional Fund Advisors LP purchased a new position in shares of Star Equity during the fourth quarter worth about $629,000. Renaissance Technologies LLC purchased a new position in shares of Star Equity during the fourth quarter worth about $886,000. Finally, DRW Securities LLC purchased a new position in shares of Star Equity during the fourth quarter worth about $268,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.

Star Equity Company Profile

Hudson Global, Inc is a publicly traded talent acquisition and recruitment firm that provides a range of staffing and workforce solutions to organizations around the world. Operating primarily through two service lines—recruitment process outsourcing (RPO) and retained executive search—the company connects employers with qualified professionals across a variety of disciplines, including finance, accounting, technology, human resources and legal. Its flexible engagement models encompass project-based sourcing, volume hiring and high-level leadership searches, enabling clients to tailor recruitment strategies to their specific business objectives.

With a global footprint spanning North America, Europe, Asia-Pacific and Latin America, Hudson Global supports multinational corporations as well as regional and niche market clients.