Heidrick & Struggles International, Inc. (NASDAQ:HSII) Expected to Post Quarterly Sales of $275.59 Million

Equities analysts expect that Heidrick & Struggles International, Inc. (NASDAQ:HSIIGet Rating) will announce $275.59 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Heidrick & Struggles International’s earnings. The highest sales estimate is $276.24 million and the lowest is $274.94 million. Heidrick & Struggles International reported sales of $193.66 million in the same quarter last year, which indicates a positive year-over-year growth rate of 42.3%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Heidrick & Struggles International will report full-year sales of $1.05 billion for the current financial year, with estimates ranging from $1.05 billion to $1.06 billion. For the next year, analysts anticipate that the business will post sales of $1.01 billion, with estimates ranging from $993.67 million to $1.03 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Heidrick & Struggles International.

Heidrick & Struggles International (NASDAQ:HSIIGet Rating) last issued its earnings results on Monday, February 28th. The business services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.15. Heidrick & Struggles International had a net margin of 7.20% and a return on equity of 26.99%. The firm had revenue of $285.54 million for the quarter, compared to analyst estimates of $258.64 million.

HSII has been the topic of a number of recent research reports. StockNews.com started coverage on shares of Heidrick & Struggles International in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Zacks Investment Research downgraded shares of Heidrick & Struggles International from a “hold” rating to a “sell” rating in a research note on Monday, December 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Heidrick & Struggles International presently has a consensus rating of “Hold” and a consensus target price of $46.75.

Shares of NASDAQ:HSII opened at $38.62 on Monday. The firm has a market capitalization of $756.64 million, a price-to-earnings ratio of 10.76 and a beta of 0.76. The business’s fifty day simple moving average is $41.18. Heidrick & Struggles International has a 52 week low of $35.90 and a 52 week high of $50.03.

The business also recently declared a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, March 4th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.55%. The ex-dividend date was Thursday, March 3rd. Heidrick & Struggles International’s dividend payout ratio (DPR) is currently 16.71%.

In other news, COO Michael M. Cullen sold 3,853 shares of the business’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $39.10, for a total transaction of $150,652.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Krishnan Rajagopalan sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $40.94, for a total transaction of $204,700.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in HSII. Goldman Sachs Group Inc. boosted its stake in Heidrick & Struggles International by 184.3% in the third quarter. Goldman Sachs Group Inc. now owns 277,555 shares of the business services provider’s stock valued at $12,387,000 after acquiring an additional 179,930 shares during the last quarter. Millennium Management LLC boosted its stake in Heidrick & Struggles International by 188.7% in the fourth quarter. Millennium Management LLC now owns 270,967 shares of the business services provider’s stock valued at $11,849,000 after acquiring an additional 177,114 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Heidrick & Struggles International by 143.0% in the first quarter. Pacer Advisors Inc. now owns 264,659 shares of the business services provider’s stock valued at $10,475,000 after acquiring an additional 155,758 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Heidrick & Struggles International by 380.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 187,275 shares of the business services provider’s stock valued at $8,190,000 after acquiring an additional 148,285 shares during the last quarter. Finally, LSV Asset Management purchased a new position in Heidrick & Struggles International in the third quarter valued at about $5,755,000. Institutional investors and hedge funds own 91.80% of the company’s stock.

About Heidrick & Struggles International (Get Rating)

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. The company enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.

Featured Stories

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