Heidrick & Struggles (NASDAQ:HSII) – William Blair raised their Q2 2018 earnings estimates for shares of Heidrick & Struggles in a report issued on Monday, April 23rd. William Blair analyst T. Mchugh now anticipates that the business services provider will earn $0.43 per share for the quarter, up from their prior forecast of $0.40. William Blair also issued estimates for Heidrick & Struggles’ FY2018 earnings at $1.82 EPS and FY2019 earnings at $1.87 EPS.
HSII has been the topic of several other reports. ValuEngine upgraded Heidrick & Struggles from a “buy” rating to a “strong-buy” rating in a report on Tuesday. TheStreet upgraded Heidrick & Struggles from a “c” rating to a “b-” rating in a report on Monday. Barrington Research upgraded Heidrick & Struggles from a “market perform” rating to an “outperform” rating in a report on Tuesday. BidaskClub upgraded Heidrick & Struggles from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Finally, Zacks Investment Research downgraded Heidrick & Struggles from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.33.
Heidrick & Struggles (NASDAQ:HSII) last issued its quarterly earnings results on Monday, April 23rd. The business services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.21. Heidrick & Struggles had a positive return on equity of 11.69% and a negative net margin of 5.92%. The firm had revenue of $160.07 million for the quarter, compared to the consensus estimate of $155.60 million. During the same period in the prior year, the business posted $0.03 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 18th. Shareholders of record on Friday, May 4th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a $0.52 annualized dividend and a yield of 1.38%. Heidrick & Struggles’s payout ratio is currently 47.71%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HSII. Millennium Management LLC increased its holdings in Heidrick & Struggles by 213.6% during the 4th quarter. Millennium Management LLC now owns 220,421 shares of the business services provider’s stock worth $5,411,000 after purchasing an additional 150,127 shares during the period. Two Sigma Investments LP purchased a new position in Heidrick & Struggles during the 4th quarter worth $2,179,000. Chartwell Investment Partners LLC increased its holdings in Heidrick & Struggles by 79.8% during the 4th quarter. Chartwell Investment Partners LLC now owns 177,826 shares of the business services provider’s stock worth $4,366,000 after purchasing an additional 78,947 shares during the period. Spark Investment Management LLC purchased a new position in Heidrick & Struggles during the 4th quarter worth $1,833,000. Finally, Allianz Asset Management GmbH purchased a new position in Heidrick & Struggles during the 4th quarter worth $1,660,000. Institutional investors own 83.03% of the company’s stock.
Heidrick & Struggles Company Profile
Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, culture shaping, and leadership consulting services on a retained basis to businesses and business leaders in the Americas, Europe, the Asia Pacific, and internationally. The company enables its clients to build leadership teams by facilitating the recruitment, management, and deployment of senior executives.
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