FY2024 EPS Estimates for HSII Boosted by Barrington Research

Heidrick & Struggles International, Inc. (NASDAQ:HSII) – Research analysts at Barrington Research lifted their FY2024 EPS estimates for shares of Heidrick & Struggles International in a note issued to investors on Monday, December 2nd. Barrington Research analyst K. Steinke now anticipates that the business services provider will earn $2.68 per share for the year, up from their previous forecast of $2.65. Barrington Research has a “Outperform” rating and a $50.00 price objective on the stock. The consensus estimate for Heidrick & Struggles International’s current full-year earnings is $2.68 per share. Barrington Research also issued estimates for Heidrick & Struggles International’s Q4 2024 earnings at $0.60 EPS and FY2025 earnings at $2.75 EPS.

Heidrick & Struggles International (NASDAQ:HSII) last posted its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. The company had revenue of $282.82 million for the quarter, compared to analysts’ expectations of $267.65 million. During the same period last year, the firm earned $0.73 earnings per share.

HSII has been the subject of a number of other research reports. StockNews.com raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Truist Financial reaffirmed a “hold” rating and issued a $40.00 target price (up from $33.00) on shares of Heidrick & Struggles International in a research report on Tuesday, November 5th.

Heidrick & Struggles International Stock Performance

Shares of HSII stock opened at $46.31 on Tuesday. Heidrick & Struggles International has a fifty-two week low of $26.52 and a fifty-two week high of $49.02. The firm has a market cap of $945.19 million, a P/E ratio of 25.03, a P/E/G ratio of 1.10 and a beta of 0.88. The business’s 50 day moving average price is $41.42 and its 200-day moving average price is $37.48.

Heidrick & Struggles International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 14th. Heidrick & Struggles International’s payout ratio is presently 32.43%.

Hedge Funds Weigh In On Heidrick & Struggles International

Several institutional investors and hedge funds have recently added to or reduced their stakes in HSII. Pacer Advisors Inc. purchased a new stake in shares of Heidrick & Struggles International in the 2nd quarter worth about $29,938,000. Mak Capital One LLC grew its position in shares of Heidrick & Struggles International by 35.2% in the 2nd quarter. Mak Capital One LLC now owns 993,408 shares of the business services provider’s stock worth $31,372,000 after buying an additional 258,583 shares during the period. Empowered Funds LLC grew its position in shares of Heidrick & Struggles International by 43.4% in the 3rd quarter. Empowered Funds LLC now owns 185,273 shares of the business services provider’s stock worth $7,200,000 after buying an additional 56,047 shares during the period. Systematic Financial Management LP grew its position in shares of Heidrick & Struggles International by 8.4% in the 3rd quarter. Systematic Financial Management LP now owns 554,298 shares of the business services provider’s stock worth $21,540,000 after buying an additional 43,087 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Heidrick & Struggles International by 55.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 118,414 shares of the business services provider’s stock worth $4,602,000 after buying an additional 42,195 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

About Heidrick & Struggles International

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.