Star Equity (STRR) Expected to Announce Earnings on Thursday

Star Equity (NASDAQ:STRR) is expected to issue its results before the market opens on Thursday, August 6th. Analysts expect Star Equity to post earnings of ($0.07) per share and revenue of $56.9190 million for the quarter.

Star Equity (NASDAQ:STRR) last issued its earnings results on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.04). The company had revenue of $50.06 million during the quarter, compared to the consensus estimate of $52.57 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%. On average, analysts expect Star Equity to post $-0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Star Equity Stock Down 0.3%

STRR stock opened at $10.77 on Tuesday. The stock has a 50-day simple moving average of $11.13 and a two-hundred day simple moving average of $10.37. Star Equity has a twelve month low of $8.38 and a twelve month high of $11.99. The firm has a market capitalization of $39.85 million, a PE ratio of -4.10 and a beta of 0.51. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. Zacks Research raised shares of Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Star Equity currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Insider Activity

In related news, CEO Jeffrey E. Eberwein acquired 4,766 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average cost of $11.16 per share, for a total transaction of $53,188.56. Following the completion of the transaction, the chief executive officer owned 1,115,714 shares in the company, valued at approximately $12,451,368.24. This trade represents a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders bought 78,630 shares of company stock worth $880,724. Company insiders own 31.60% of the company’s stock.

Institutional Investors Weigh In On Star Equity

Several hedge funds have recently bought and sold shares of the stock. Rothschild Wealth LLC purchased a new stake in shares of Star Equity during the 4th quarter valued at $746,000. Mink Brook Asset Management LLC bought a new stake in Star Equity during the fourth quarter worth about $3,538,000. Renaissance Technologies LLC purchased a new position in shares of Star Equity in the 4th quarter worth about $886,000. Bridgeway Capital Management LLC purchased a new position in shares of Star Equity in the 4th quarter worth about $276,000. Finally, RBF Capital LLC bought a new position in shares of Star Equity during the 4th quarter valued at about $316,000. 3.84% of the stock is currently owned by institutional investors.

About Star Equity

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.