$179.13 Million in Sales Expected for Heidrick & Struggles International, Inc. (NASDAQ:HSII) This Quarter

Brokerages expect Heidrick & Struggles International, Inc. (NASDAQ:HSII) to report $179.13 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Heidrick & Struggles International’s earnings, with estimates ranging from $179.06 million to $179.20 million. Heidrick & Struggles International posted sales of $192.34 million during the same quarter last year, which suggests a negative year-over-year growth rate of 6.9%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 4th.

According to Zacks, analysts expect that Heidrick & Struggles International will report full year sales of $704.50 million for the current year, with estimates ranging from $702.90 million to $706.09 million. For the next fiscal year, analysts forecast that the business will report sales of $721.01 million, with estimates ranging from $717.32 million to $724.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Heidrick & Struggles International.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Monday, July 29th. The business services provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.12. Heidrick & Struggles International had a return on equity of 19.96% and a net margin of 7.32%. The business had revenue of $173.12 million for the quarter, compared to analyst estimates of $177.92 million. During the same quarter in the prior year, the firm posted $0.59 EPS.

Separately, Zacks Investment Research upgraded Heidrick & Struggles International from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Heidrick & Struggles International has an average rating of “Hold” and a consensus price target of $42.33.

A number of institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its position in Heidrick & Struggles International by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 29,656 shares of the business services provider’s stock worth $889,000 after purchasing an additional 371 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Heidrick & Struggles International by 3.9% during the 1st quarter. Texas Permanent School Fund now owns 12,890 shares of the business services provider’s stock valued at $494,000 after buying an additional 483 shares in the last quarter. Comerica Bank lifted its position in shares of Heidrick & Struggles International by 2.7% during the 1st quarter. Comerica Bank now owns 18,759 shares of the business services provider’s stock valued at $787,000 after buying an additional 491 shares in the last quarter. United Services Automobile Association lifted its position in shares of Heidrick & Struggles International by 7.0% during the 2nd quarter. United Services Automobile Association now owns 8,880 shares of the business services provider’s stock valued at $266,000 after buying an additional 584 shares in the last quarter. Finally, Quantamental Technologies LLC lifted its position in shares of Heidrick & Struggles International by 38.3% during the 2nd quarter. Quantamental Technologies LLC now owns 2,506 shares of the business services provider’s stock valued at $75,000 after buying an additional 694 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Heidrick & Struggles International stock traded down $0.11 during mid-day trading on Friday, hitting $27.30. The company had a trading volume of 74,267 shares, compared to its average volume of 138,332. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. Heidrick & Struggles International has a 12-month low of $25.27 and a 12-month high of $44.66. The company’s fifty day moving average is $27.07 and its 200-day moving average is $32.56. The company has a market capitalization of $530.53 million, a price-to-earnings ratio of 10.83, a P/E/G ratio of 1.06 and a beta of 1.34.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search and consulting services 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 development of senior executives.

Further Reading: Trade War

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.