Heidrick & Struggles International, Inc. (HSII) Announces Earnings Results

Heidrick & Struggles International, Inc. (NASDAQ:HSII) released its quarterly earnings results on Monday, July 24th. The business services provider reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.03, Briefing.com reports. The business had revenue of $152.21 million for the quarter, compared to analyst estimates of $157.01 million. Heidrick & Struggles International had a positive return on equity of 8.25% and a negative net margin of 1.66%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS.

Heidrick & Struggles International (HSII) opened at 18.30 on Friday. The company’s 50 day moving average price is $20.16 and its 200-day moving average price is $22.43. The company’s market capitalization is $343.75 million. Heidrick & Struggles International has a 12-month low of $17.37 and a 12-month high of $27.10.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.84%. Heidrick & Struggles International’s payout ratio is presently -96.29%.

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Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Heidrick & Struggles International by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 14,915 shares of the business services provider’s stock worth $324,000 after buying an additional 39 shares during the period. State Street Corp raised its stake in shares of Heidrick & Struggles International by 1.9% in the second quarter. State Street Corp now owns 449,811 shares of the business services provider’s stock worth $9,784,000 after buying an additional 8,193 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Heidrick & Struggles International during the second quarter worth approximately $868,000. Voya Investment Management LLC raised its stake in shares of Heidrick & Struggles International by 144.7% in the second quarter. Voya Investment Management LLC now owns 26,678 shares of the business services provider’s stock worth $580,000 after buying an additional 15,777 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Heidrick & Struggles International by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,378,516 shares of the business services provider’s stock worth $29,983,000 after buying an additional 106,191 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

HSII has been the topic of a number of research analyst reports. Deutsche Bank AG raised their price target on Heidrick & Struggles International from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Zacks Investment Research lowered Heidrick & Struggles International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 27th. ValuEngine raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BidaskClub lowered Heidrick & Struggles International from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 6th. Finally, Barrington Research downgraded Heidrick & Struggles International from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.

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).

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

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