SunTrust Banks Comments on Heidrick & Struggles International, Inc.’s FY2019 Earnings (NASDAQ:HSII)

Heidrick & Struggles International, Inc. (NASDAQ:HSII) – SunTrust Banks boosted their FY2019 earnings per share estimates for Heidrick & Struggles International in a report issued on Monday, July 29th, according to Zacks Investment Research. SunTrust Banks analyst T. Sommer now forecasts that the business services provider will post earnings of $2.60 per share for the year, up from their prior forecast of $2.55. SunTrust Banks also issued estimates for Heidrick & Struggles International’s Q2 2020 earnings at $0.64 EPS, Q4 2020 earnings at $0.61 EPS and FY2020 earnings at $2.51 EPS.

A number of other brokerages have also commented on HSII. BidaskClub lowered Heidrick & Struggles International from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 18th. Zacks Investment Research upgraded Heidrick & Struggles International from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, ValuEngine lowered Heidrick & Struggles International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Heidrick & Struggles International has a consensus rating of “Hold” and a consensus price target of $42.33.

NASDAQ HSII traded down $1.10 during trading hours on Thursday, reaching $25.51. The stock had a trading volume of 94,427 shares, compared to its average volume of 104,939. The stock has a fifty day moving average of $28.91 and a 200 day moving average of $34.18. The stock has a market cap of $509.10 million, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 1.02 and a beta of 1.36. Heidrick & Struggles International has a 52-week low of $25.28 and a 52-week high of $45.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 1.49.

Heidrick & Struggles International (NASDAQ:HSII) last issued its earnings results on Monday, July 29th. The business services provider reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.12. The firm had revenue of $173.12 million for the quarter, compared to analyst estimates of $177.92 million. Heidrick & Struggles International had a return on equity of 19.96% and a net margin of 7.32%. During the same quarter in the prior year, the firm earned $0.59 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in HSII. Point72 Hong Kong Ltd raised its stake in shares of Heidrick & Struggles International by 1,019.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,355 shares of the business services provider’s stock worth $41,000 after buying an additional 1,234 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Heidrick & Struggles International during the 1st quarter worth approximately $69,000. Meeder Asset Management Inc. raised its stake in shares of Heidrick & Struggles International by 68.6% during the 1st quarter. Meeder Asset Management Inc. now owns 2,146 shares of the business services provider’s stock worth $82,000 after buying an additional 873 shares during the period. Bank of Montreal Can raised its stake in shares of Heidrick & Struggles International by 250.8% during the 2nd quarter. Bank of Montreal Can now owns 2,231 shares of the business services provider’s stock worth $67,000 after buying an additional 1,595 shares during the period. Finally, Marshall Wace North America L.P. raised its stake in shares of Heidrick & Struggles International by 1,927.7% during the 1st quarter. Marshall Wace North America L.P. now owns 3,224 shares of the business services provider’s stock worth $124,000 after buying an additional 3,065 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.60 annualized dividend and a yield of 2.35%. Heidrick & Struggles International’s dividend payout ratio is presently 23.81%.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search and consulting services 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 development of senior executives.

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

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