Heidrick & Struggles International, Inc. (NASDAQ:HSII) Expected to Post Quarterly Sales of $294.54 Million

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Wall Street analysts expect Heidrick & Struggles International, Inc. (NASDAQ:HSII – Get Rating) to report revenue of $294.54 million for the current quarter, according to Zacks. Two analysts have released earnings estimates for Heidrick & Struggles International, with the lowest sales estimate of $294.00 million and the highest estimate of $295.08 million. Heidrick & Struggles International reported sales of $259.98 million in the same quarter last year, indicating a positive year-over-year growth rate of 13.3%. The company is due to release its next quarterly earnings report on Monday, January 1.

On average, analysts expect Heidrick & Struggles International to report annual revenue of $1.13 billion for the current year, with estimates ranging from $1.12 billion to $1.13 billion. dollars. For next year, analysts expect the company to report sales of $1.10 billion, with estimates ranging from $1.09 billion to $1.10 billion. Zacks sales calculations are an average average based on a survey of sell-side analysts who follow Heidrick & Struggles International.

Heidrick & Struggles International (NASDAQ:HSII – Get Rating) last released its quarterly results on Monday, April 25. The business services provider reported earnings per share of $0.90 for the quarter, missing Thomson Reuters’ consensus estimate of $0.96 per ($0.06). Heidrick & Struggles International achieved a return on equity of 25.83% and a net margin of 6.93%. During the same period last year, the company achieved EPS of $0.86.

Several stock analysts weighed in on HSII shares. Barrington Research raised its price target on Heidrick & Struggles International from $50.00 to $54.00 in a report on Wednesday, April 27. StockNews.com upgraded Heidrick & Struggles International from a “strong buy” rating to a “buy” rating in a report released Thursday. One equity research analyst has assigned the stock a sell rating, one has issued a hold rating and two have assigned the company a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.67.

In other Heidrick & Struggles International news, COO Michael M. Cullen sold 3,853 shares of the company in a trade dated Tuesday, March 15. The stock was sold at an average price of $39.10, for a total value of $150,652.30. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, COO Michael M. Cullen sold 924 shares of the company in a trade dated Friday, April 8. The shares were sold at an average price of $39.15, for a total value of $36,174.60. Following the completion of the sale, the COO now owns 24,579 shares of the company, valued at approximately $962,267.85. The disclosure of this sale can be found here. Insiders sold a total of 9,777 shares of the company worth $391,527 during the last quarter. Company insiders own 1.70% of the company’s shares.

Several large investors have recently changed their positions in the company. BlackRock Inc. increased its stake in shares of Heidrick & Struggles International by 1.3% in the fourth quarter. BlackRock Inc. now owns 3,217,782 shares of the business services provider valued at $140,715,000 after purchasing an additional 39,935 shares during the period. Principal Financial Group Inc. increased its stake in Heidrick & Struggles International by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 654,243 shares of the business services provider worth $28,610,000 after purchasing an additional 2,890 shares during the period. Systematic Financial Management LP increased its stake in Heidrick & Struggles International by 7.4% during the 4th quarter. Systematic Financial Management LP now owns 561,254 shares of the business services provider worth $24,544,000 after purchasing an additional 38,488 shares during the period. JPMorgan Chase & Co. increased its stake in Heidrick & Struggles International by 19.3% in the 4th quarter. JPMorgan Chase & Co. now owns 501,861 shares of the business services provider worth $21,946,000 after purchasing an additional 81,079 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Heidrick & Struggles International by 49.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 415,184 shares of the business services provider worth $18,156,000 after purchasing an additional 137,629 shares during the period. 91.80% of the shares are currently held by institutional investors.

NASDAQ HSII shares opened at $31.96 on Monday. The company has a market capitalization of $630.19 million, a PE ratio of 8.52 and a beta of 0.76. The company has a fifty-day moving average of $39.39. Heidrick & Struggles International has a fifty-two week minimum of $30.49 and a fifty-two week maximum of $50.03.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 20. Investors of record on Friday, May 6 will receive a dividend of $0.15 per share. The ex-dividend date is Thursday, May 5. This represents a dividend of $0.60 on an annualized basis and a yield of 1.88%. Heidrick & Struggles International’s dividend payout ratio is currently 16.00%.

Heidrick & Struggles International Company Profile (Get a rating)

Heidrick & Struggles International, Inc, together with its subsidiaries, provides on-demand executive search, consulting and talent services to corporations and business leaders worldwide. 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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