Heidrick & Struggles International, Inc. (HSII) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Heidrick & Struggles International, Inc. (NASDAQ:HSII) announced its quarterly earnings data on Monday, July 24th. The business services provider reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.03, Briefing.com reports. Heidrick & Struggles International had a positive return on equity of 8.25% and a negative net margin of 1.66%. The business had revenue of $152.21 million during the quarter, compared to the consensus estimate of $157.01 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year.

Heidrick & Struggles International (NASDAQ HSII) traded up 1.39% during midday trading on Friday, reaching $18.30. 67,133 shares of the company were exchanged. The firm’s market capitalization is $343.75 million. Heidrick & Struggles International has a 52 week low of $17.37 and a 52 week high of $27.10. The company has a 50-day moving average of $20.16 and a 200 day moving average of $22.43.

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, August 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 2.84%. Heidrick & Struggles International’s dividend payout ratio is currently -96.29%.

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A number of hedge funds have recently modified their holdings of HSII. Royce & Associates LP increased its stake in shares of Heidrick & Struggles International by 107.1% in the second quarter. Royce & Associates LP now owns 1,549,800 shares of the business services provider’s stock worth $33,708,000 after buying an additional 801,336 shares in the last quarter. Clark Estates Inc. NY bought a new stake in shares of Heidrick & Struggles International during the second quarter worth about $2,915,000. JPMorgan Chase & Co. increased its stake in shares of Heidrick & Struggles International by 70.6% in the first quarter. JPMorgan Chase & Co. now owns 321,540 shares of the business services provider’s stock worth $8,472,000 after buying an additional 133,061 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Heidrick & Struggles International by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,378,516 shares of the business services provider’s stock worth $29,983,000 after buying an additional 106,191 shares in the last quarter. Finally, Systematic Financial Management LP increased its stake in shares of Heidrick & Struggles International by 14.8% in the second quarter. Systematic Financial Management LP now owns 639,145 shares of the business services provider’s stock worth $13,901,000 after buying an additional 82,174 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.

A number of equities research analysts recently commented on HSII shares. Deutsche Bank AG upped their price target on shares of Heidrick & Struggles International from $25.00 to $27.00 and gave the company a “hold” rating in a report on Tuesday, April 25th. Zacks Investment Research lowered shares of Heidrick & Struggles International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Barrington Research lowered shares of Heidrick & Struggles International from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. ValuEngine upgraded shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, TheStreet lowered shares of Heidrick & Struggles International from a “b” rating to a “c” rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.00.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc is an advisory firm providing executive search, leadership consulting and culture shaping services to businesses and business leaders around the world. Its segments include Executive Search, Leadership Consulting and Culture Shaping. It operates its executive search services in three geographic regions: the Americas (which includes the countries in North and South America); Europe (which includes the continents of Europe and Africa), and Asia Pacific (which includes Asia and the region generally known as the Middle East).

Earnings History for Heidrick & Struggles International (NASDAQ:HSII)

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