Star Equity (STRR) to Release Earnings on Tuesday

Star Equity (NASDAQ:STRR) is anticipated to issue its results before the market opens on Tuesday, May 12th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $52.5720 million for the quarter.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.23). Star Equity had a negative net margin of 3.44% and a negative return on equity of 1.17%. The business had revenue of $56.79 million during the quarter, compared to analysts’ expectations of $59.08 million. On average, analysts expect Star Equity to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Star Equity Price Performance

Shares of Star Equity stock traded down $0.22 on Tuesday, hitting $9.35. The company’s stock had a trading volume of 234 shares, compared to its average volume of 7,892. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.10. Star Equity has a 1 year low of $8.26 and a 1 year high of $11.99. The firm has a fifty day moving average price of $9.77 and a 200-day moving average price of $10.27. The company has a market capitalization of $34.69 million, a price-to-earnings ratio of -4.56 and a beta of 0.43.

Analyst Ratings Changes

STRR has been the subject of several recent analyst reports. Zacks Research upgraded Star Equity from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Litchfield Hills Research lifted their price target on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Noble Financial upgraded Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Star Equity in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Star Equity currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Insider Buying and Selling

In other Star Equity news, CEO Jeffrey E. Eberwein sold 7,722 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $9.95, for a total transaction of $76,833.90. Following the completion of the sale, the chief executive officer directly owned 764,217 shares in the company, valued at approximately $7,603,959.15. The trade was a 1.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders purchased 4,227 shares of company stock worth $42,248 and sold 23,000 shares worth $229,020. Company insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Star Equity

Large investors have recently bought and sold shares of the company. Heartland Advisors Inc. purchased a new stake in Star Equity during the 4th quarter worth approximately $140,000. DRW Securities LLC purchased a new stake in Star Equity during the 4th quarter worth approximately $268,000. Bridgeway Capital Management LLC purchased a new stake in Star Equity during the 4th quarter worth approximately $276,000. RBF Capital LLC purchased a new stake in Star Equity during the 4th quarter worth approximately $316,000. Finally, Geode Capital Management LLC purchased a new stake in Star Equity during the 4th quarter worth approximately $352,000. 3.84% of the stock is currently owned by hedge funds and other institutional investors.

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.