Zacks: Brokerages Expect Heidrick & Struggles International, Inc. (HSII) to Announce $0.50 EPS

Equities analysts expect Heidrick & Struggles International, Inc. (NASDAQ:HSII) to post earnings of $0.50 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Heidrick & Struggles International’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.49. Heidrick & Struggles International posted earnings per share of $0.43 in the same quarter last year, which would suggest a positive year over year growth rate of 16.3%. The company is expected to report its next earnings report after the market closes on Monday, October 29th.

According to Zacks, analysts expect that Heidrick & Struggles International will report full-year earnings of $2.01 per share for the current year, with EPS estimates ranging from $1.92 to $2.08. For the next fiscal year, analysts anticipate that the business will report earnings of $2.12 per share, with EPS estimates ranging from $2.10 to $2.15. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Heidrick & Struggles International.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data on Monday, July 30th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.14. Heidrick & Struggles International had a negative net margin of 1.36% and a positive return on equity of 13.98%. The firm had revenue of $183.06 million for the quarter, compared to analysts’ expectations of $164.31 million.

A number of brokerages have issued reports on HSII. BidaskClub raised shares of Heidrick & Struggles International from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Credit Suisse Group began coverage on shares of Heidrick & Struggles International in a research report on Friday, August 10th. They set a “neutral” rating and a $40.00 price target on the stock. Barrington Research lifted their price target on shares of Heidrick & Struggles International from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, August 3rd. Zacks Investment Research raised shares of Heidrick & Struggles International from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research report on Wednesday, August 1st. Finally, ValuEngine cut shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $41.75.

Shares of HSII stock opened at $29.22 on Friday. Heidrick & Struggles International has a 52-week low of $20.55 and a 52-week high of $45.28. The company has a market capitalization of $580.14 million, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.13 and a beta of 1.64.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Heidrick & Struggles International by 8.4% during the second quarter. BlackRock Inc. now owns 2,662,561 shares of the business services provider’s stock worth $93,189,000 after purchasing an additional 205,788 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Heidrick & Struggles International by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,535,760 shares of the business services provider’s stock worth $47,993,000 after purchasing an additional 46,193 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Heidrick & Struggles International by 24.9% during the second quarter. Renaissance Technologies LLC now owns 1,467,239 shares of the business services provider’s stock worth $51,353,000 after purchasing an additional 292,839 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Heidrick & Struggles International by 165.9% during the second quarter. Acadian Asset Management LLC now owns 381,433 shares of the business services provider’s stock worth $13,347,000 after purchasing an additional 237,992 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Heidrick & Struggles International by 26.3% during the second quarter. Millennium Management LLC now owns 381,219 shares of the business services provider’s stock worth $13,343,000 after purchasing an additional 79,270 shares in the last quarter. 89.70% of the stock is currently owned by institutional investors.

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

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