$157.01 Million in Sales Expected for Heidrick & Struggles International, Inc. (NASDAQ:HSII) This Quarter

Wall Street brokerages expect Heidrick & Struggles International, Inc. (NASDAQ:HSII) to report $157.01 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Heidrick & Struggles International’s earnings. The highest sales estimate is $158.40 million and the lowest is $154.43 million. Heidrick & Struggles International reported sales of $153.82 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.1%. The business is scheduled to announce its next earnings report after the market closes on Monday, July 24th.

On average, analysts expect that Heidrick & Struggles International will report full-year sales of $157.01 million for the current year, with estimates ranging from $608.11 million to $621.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $645.16 million per share, with estimates ranging from $635.20 million to $660.02 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Heidrick & Struggles International.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings results on Monday, April 24th. The business services provider reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.02. Heidrick & Struggles International had a return on equity of 8.26% and a net margin of 2.41%. The company had revenue of $140 million for the quarter, compared to analyst estimates of $144.98 million. During the same period last year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year.

A number of research analysts have recently commented on the company. BidaskClub lowered Heidrick & Struggles International from a “sell” rating to a “strong sell” rating in a report on Thursday, July 6th. ValuEngine raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research lowered Heidrick & Struggles International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, Deutsche Bank AG raised their price target on Heidrick & Struggles International from $25.00 to $27.00 and gave the company a “hold” rating in a report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.00.

COPYRIGHT VIOLATION WARNING: “$157.01 Million in Sales Expected for Heidrick & Struggles International, Inc. (NASDAQ:HSII) This Quarter” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://sportsperspectives.com/2017/08/10/157-01-million-in-sales-expected-for-heidrick-struggles-international-inc-nasdaqhsii-this-quarter-updated-updated-updated.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Eqis Capital Management Inc. acquired a new position in shares of Heidrick & Struggles International during the second quarter worth approximately $220,000. Bank of America Corp DE raised its position in shares of Heidrick & Struggles International by 86.0% in the first quarter. Bank of America Corp DE now owns 30,606 shares of the business services provider’s stock worth $806,000 after buying an additional 14,148 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Heidrick & Struggles International by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 67,656 shares of the business services provider’s stock worth $1,783,000 after buying an additional 3,249 shares during the period. Renaissance Technologies LLC raised its position in shares of Heidrick & Struggles International by 4.3% in the first quarter. Renaissance Technologies LLC now owns 1,159,902 shares of the business services provider’s stock worth $30,563,000 after buying an additional 47,916 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Heidrick & Struggles International by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,272,325 shares of the business services provider’s stock worth $33,525,000 after buying an additional 90,410 shares during the period. 83.30% of the stock is currently owned by institutional investors.

Heidrick & Struggles International (HSII) traded up 0.57% during trading on Wednesday, hitting $22.20. 85,518 shares of the stock were exchanged. The stock’s 50 day moving average is $21.96 and its 200-day moving average is $23.26. The company has a market cap of $415.94 million, a price-to-earnings ratio of 28.91 and a beta of 1.59. Heidrick & Struggles International has a one year low of $16.57 and a one year high of $27.10.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc is an advisory firm providing executive search, leadership consulting and culture shaping services to businesses and business leaders around the world. Its segments include Executive Search, Leadership Consulting and Culture Shaping. It operates its executive search services in three geographic regions: the Americas (which includes the countries in North and South America); Europe (which includes the continents of Europe and Africa), and Asia Pacific (which includes Asia and the region generally known as the Middle East).

Get a free copy of the Zacks research report on Heidrick & Struggles International (HSII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Heidrick & Struggles International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heidrick & Struggles International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply