Zacks: Brokerages Anticipate Heidrick & Struggles International, Inc. (HSII) Will Announce Quarterly Sales of $176.05 Million

Equities research analysts predict that Heidrick & Struggles International, Inc. (NASDAQ:HSII) will post sales of $176.05 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Heidrick & Struggles International’s earnings, with estimates ranging from $175.03 million to $177.70 million. Heidrick & Struggles International posted sales of $169.38 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The business is expected to issue its next earnings results on Monday, February 25th.

On average, analysts expect that Heidrick & Struggles International will report full year sales of $706.77 million for the current year, with estimates ranging from $705.75 million to $708.40 million. For the next fiscal year, analysts expect that the company will post sales of $729.04 million, with estimates ranging from $715.23 million to $737.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Heidrick & Struggles International.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Monday, October 29th. The business services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.37. The firm had revenue of $192.34 million for the quarter, compared to the consensus estimate of $175.81 million. Heidrick & Struggles International had a negative net margin of 0.15% and a positive return on equity of 17.49%.

HSII has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Heidrick & Struggles International from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Credit Suisse Group initiated coverage on shares of Heidrick & Struggles International in a report on Friday, August 10th. They set a “neutral” rating and a $40.00 price objective on the stock. Zacks Investment Research downgraded shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. ValuEngine cut shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, TheStreet cut shares of Heidrick & Struggles International from a “b-” rating to a “c+” rating in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Heidrick & Struggles International currently has an average rating of “Buy” and a consensus price target of $40.50.

HSII stock opened at $36.66 on Monday. The stock has a market cap of $695.04 million, a P/E ratio of 33.63, a P/E/G ratio of 1.14 and a beta of 1.51. Heidrick & Struggles International has a 52 week low of $20.95 and a 52 week high of $45.28.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Friday, November 9th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, November 8th. Heidrick & Struggles International’s payout ratio is currently 47.71%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Panagora Asset Management Inc. raised its position in Heidrick & Struggles International by 1.2% during the third quarter. Panagora Asset Management Inc. now owns 150,875 shares of the business services provider’s stock worth $5,107,000 after acquiring an additional 1,856 shares during the last quarter. SG Americas Securities LLC raised its position in Heidrick & Struggles International by 63.0% during the second quarter. SG Americas Securities LLC now owns 5,292 shares of the business services provider’s stock worth $185,000 after acquiring an additional 2,045 shares during the last quarter. Chicago Equity Partners LLC raised its position in Heidrick & Struggles International by 6.0% during the third quarter. Chicago Equity Partners LLC now owns 46,310 shares of the business services provider’s stock worth $1,568,000 after acquiring an additional 2,630 shares during the last quarter. IndexIQ Advisors LLC raised its position in Heidrick & Struggles International by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 72,744 shares of the business services provider’s stock worth $2,462,000 after acquiring an additional 2,747 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Heidrick & Struggles International by 8.3% during the second quarter. Legal & General Group Plc now owns 37,664 shares of the business services provider’s stock worth $1,326,000 after acquiring an additional 2,898 shares during the last quarter. Institutional investors own 88.62% of the company’s stock.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, culture shaping, and leadership consulting services on a retained basis 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 deployment of senior executives.

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Earnings History and Estimates for Heidrick & Struggles International (NASDAQ:HSII)

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