$175.81 Million in Sales Expected for Heidrick & Struggles International, Inc. (HSII) This Quarter

Wall Street analysts expect that Heidrick & Struggles International, Inc. (NASDAQ:HSII) will announce $175.81 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Heidrick & Struggles International’s earnings, with estimates ranging from $174.71 million to $177.50 million. Heidrick & Struggles International posted sales of $159.80 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The firm is expected to report its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Heidrick & Struggles International will report full year sales of $694.61 million for the current fiscal year, with estimates ranging from $692.70 million to $695.80 million. For the next fiscal year, analysts expect that the business will report sales of $715.71 million, with estimates ranging from $704.78 million to $723.76 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Heidrick & Struggles International.

Heidrick & Struggles International (NASDAQ:HSII) last posted its earnings results on Monday, July 30th. The business services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.45 by $0.14. The company had revenue of $183.06 million during the quarter, compared to the consensus estimate of $164.31 million. Heidrick & Struggles International had a negative net margin of 1.36% and a positive return on equity of 13.98%.

Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Heidrick & Struggles International from a “sell” rating to a “strong sell” rating in a research report on Monday, September 17th. Barrington Research reaffirmed a “buy” rating on shares of Heidrick & Struggles International in a research report on Monday, July 23rd. Zacks Investment Research downgraded shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. ValuEngine downgraded shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Credit Suisse Group started coverage on shares of Heidrick & Struggles International in a research report on Friday, August 10th. They issued a “neutral” rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $41.75.

A number of hedge funds have recently modified their holdings of HSII. SG Americas Securities LLC bought a new stake in Heidrick & Struggles International in the 1st quarter worth about $101,000. Prudential Financial Inc. grew its position in shares of Heidrick & Struggles International by 172.5% during the 1st quarter. Prudential Financial Inc. now owns 143,814 shares of the business services provider’s stock valued at $4,494,000 after acquiring an additional 91,043 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Heidrick & Struggles International by 36.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 101,650 shares of the business services provider’s stock valued at $3,177,000 after acquiring an additional 27,188 shares during the period. KBC Group NV grew its position in shares of Heidrick & Struggles International by 16.9% during the 1st quarter. KBC Group NV now owns 31,446 shares of the business services provider’s stock valued at $983,000 after acquiring an additional 4,551 shares during the period. Finally, BlackRock Inc. grew its position in shares of Heidrick & Struggles International by 1.7% during the 1st quarter. BlackRock Inc. now owns 2,456,773 shares of the business services provider’s stock valued at $76,774,000 after acquiring an additional 42,250 shares during the period. 89.70% of the stock is owned by institutional investors and hedge funds.

NASDAQ:HSII opened at $33.85 on Friday. The stock has a market cap of $651.23 million, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.27 and a beta of 1.70. Heidrick & Struggles International has a one year low of $20.55 and a one year high of $45.28.

About Heidrick & Struggles International

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.

Featured Story: What are trading strategies for the 52-week high/low?

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.

Leave a Reply