Sidoti Csr Has Strong Forecast for HSII FY2024 Earnings

Heidrick & Struggles International, Inc. (NASDAQ:HSII) – Analysts at Sidoti Csr increased their FY2024 EPS estimates for shares of Heidrick & Struggles International in a research report issued on Wednesday, November 6th. Sidoti Csr analyst M. Riddick now forecasts that the business services provider will post earnings per share of $2.50 for the year, up from their previous forecast of $2.30. The consensus estimate for Heidrick & Struggles International’s current full-year earnings is $2.62 per share. Sidoti Csr also issued estimates for Heidrick & Struggles International’s FY2026 earnings at $3.14 EPS.

A number of other analysts have also weighed in on HSII. StockNews.com raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research note on Wednesday. Truist Financial reiterated a “hold” rating and set a $40.00 price objective (up from $33.00) on shares of Heidrick & Struggles International in a research note on Tuesday. Finally, Barrington Research reissued an “outperform” rating and issued a $44.00 price objective on shares of Heidrick & Struggles International in a research note on Friday, September 20th.

Heidrick & Struggles International Stock Up 2.6 %

Shares of NASDAQ HSII opened at $47.53 on Friday. Heidrick & Struggles International has a twelve month low of $25.32 and a twelve month high of $47.81. The business has a fifty day simple moving average of $38.55 and a two-hundred day simple moving average of $35.75. The firm has a market cap of $965.81 million, a PE ratio of 25.69, a price-to-earnings-growth ratio of 0.95 and a beta of 0.85.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.51%. The firm had revenue of $282.82 million during the quarter, compared to the consensus estimate of $267.65 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share.

Heidrick & Struggles International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, November 14th. Heidrick & Struggles International’s payout ratio is 32.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in Heidrick & Struggles International by 158.6% in the first quarter. Russell Investments Group Ltd. now owns 115,663 shares of the business services provider’s stock worth $3,893,000 after purchasing an additional 70,940 shares during the last quarter. American Century Companies Inc. raised its stake in Heidrick & Struggles International by 43.8% in the second quarter. American Century Companies Inc. now owns 46,621 shares of the business services provider’s stock valued at $1,472,000 after buying an additional 14,209 shares during the last quarter. Innealta Capital LLC purchased a new stake in Heidrick & Struggles International in the second quarter valued at about $29,000. SG Americas Securities LLC boosted its holdings in Heidrick & Struggles International by 82.1% in the third quarter. SG Americas Securities LLC now owns 11,414 shares of the business services provider’s stock worth $444,000 after acquiring an additional 5,145 shares in the last quarter. Finally, Algert Global LLC grew its stake in shares of Heidrick & Struggles International by 13.0% during the second quarter. Algert Global LLC now owns 54,100 shares of the business services provider’s stock worth $1,708,000 after acquiring an additional 6,227 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Company Profile

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