Wall Street analysts expect Heidrick & Struggles International, Inc. (NASDAQ:HSII) to announce earnings per share (EPS) of $0.88 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Heidrick & Struggles International’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.93. Heidrick & Struggles International posted earnings of $0.39 per share during the same quarter last year, which would suggest a positive year over year growth rate of 125.6%. The firm is expected to report its next earnings results after the market closes on Monday, October 25th.
According to Zacks, analysts expect that Heidrick & Struggles International will report full year earnings of $3.56 per share for the current fiscal year, with EPS estimates ranging from $3.43 to $3.68. For the next fiscal year, analysts expect that the business will report earnings of $3.35 per share, with EPS estimates ranging from $3.16 to $3.54. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Heidrick & Struggles International.
Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Sunday, July 25th. The business services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.20. Heidrick & Struggles International had a net margin of 1.96% and a return on equity of 21.55%. The company had revenue of $259.98 million during the quarter, compared to the consensus estimate of $219.86 million.
In other news, COO Michael M. Cullen sold 6,250 shares of the company’s stock in a transaction on Thursday, July 29th. The stock was sold at an average price of $42.74, for a total transaction of $267,125.00. Following the transaction, the chief operating officer now owns 24,910 shares of the company’s stock, valued at $1,064,653.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark R. Harris sold 4,939 shares of the business’s stock in a transaction dated Monday, August 2nd. The stock was sold at an average price of $42.63, for a total value of $210,549.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,655 shares of company stock valued at $1,186,013. Corporate insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HSII. Deprince Race & Zollo Inc. grew its holdings in Heidrick & Struggles International by 15.9% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 474,311 shares of the business services provider’s stock worth $21,131,000 after acquiring an additional 65,008 shares during the period. Shell Asset Management Co. boosted its position in shares of Heidrick & Struggles International by 5.7% in the 2nd quarter. Shell Asset Management Co. now owns 17,131 shares of the business services provider’s stock worth $763,000 after purchasing an additional 920 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Heidrick & Struggles International in the 2nd quarter worth $456,000. Algert Global LLC acquired a new stake in shares of Heidrick & Struggles International during the first quarter worth $480,000. Finally, Point72 Hong Kong Ltd bought a new stake in Heidrick & Struggles International in the first quarter valued at about $33,000. Institutional investors and hedge funds own 91.09% of the company’s stock.
Shares of HSII opened at $47.21 on Monday. The stock has a 50 day simple moving average of $43.42 and a 200-day simple moving average of $42.19. The stock has a market cap of $921.96 million, a PE ratio of 67.44 and a beta of 0.86. Heidrick & Struggles International has a 1 year low of $20.41 and a 1 year high of $50.03.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Friday, August 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 33.90%.
Heidrick & Struggles International Company Profile
Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. The company was founded by Gardner Heidrick and John Struggles in 1953 and is headquartered in Chicago, IL.
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