Noble Financial Weighs in on Star Equity FY2027 Earnings

Star Equity Holdings, Inc. (NASDAQ:STRR) – Investment analysts at Noble Financial dropped their FY2027 earnings per share estimates for shares of Star Equity in a research report issued to clients and investors on Monday, August 17th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings of $1.36 per share for the year, down from their prior forecast of $1.46. The consensus estimate for Star Equity’s current full-year earnings is ($1.00) per share.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $54.94 million for the quarter, compared to analysts’ expectations of $56.92 million. Star Equity had a negative net margin of 4.35% and a negative return on equity of 4.21%.

Several other brokerages have also issued reports on STRR. Zacks Research raised Star Equity from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Star Equity in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Star Equity has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Star Equity Stock Up 1.3%

STRR stock opened at $10.10 on Monday. The stock’s fifty day simple moving average is $10.88 and its two-hundred day simple moving average is $10.38. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.09. Star Equity has a 1-year low of $8.38 and a 1-year high of $11.99. The stock has a market cap of $37.27 million, a P/E ratio of -3.30 and a beta of 0.51.

Institutional Trading of Star Equity

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of Star Equity by 2.8% in the first quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock valued at $832,000 after buying an additional 2,200 shares during the period. North Star Investment Management Corp. bought a new position in shares of Star Equity during the 1st quarter worth $565,000. Manatuck Hill Partners LLC purchased a new stake in Star Equity in the 4th quarter worth about $358,000. Bridgeway Capital Management LLC purchased a new stake in Star Equity in the 4th quarter worth about $276,000. Finally, Rothschild Wealth LLC purchased a new stake in Star Equity in the 4th quarter worth about $746,000. 3.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Jeffrey E. Eberwein purchased 4,766 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $11.16 per share, with a total value of $53,188.56. Following the acquisition, the chief executive officer owned 1,115,714 shares of the company’s stock, valued at $12,451,368.24. This trade represents a 0.43% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have purchased 56,718 shares of company stock worth $651,738. Company insiders own 31.60% of the company’s stock.

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.