FY2024 Earnings Forecast for HSII Issued By Sidoti Csr

Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) - Equities researchers at Sidoti Csr raised their FY2024 earnings estimates for shares of Heidrick & Struggles International in a research note issued to investors on Wednesday, November 6th. Sidoti Csr analyst M. Riddick now anticipates that the business services provider will post earnings per share of $2.50 for the year, up from their prior estimate 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.

Several other brokerages have also commented on HSII. Barrington Research reaffirmed an "outperform" rating and issued a $44.00 price objective on shares of Heidrick & Struggles International in a research report on Friday, September 20th. Truist Financial reaffirmed a "hold" rating and issued a $40.00 price target (up previously from $33.00) on shares of Heidrick & Struggles International in a report on Tuesday. Finally, StockNews.com raised Heidrick & Struggles International from a "hold" rating to a "buy" rating in a research report on Wednesday.

Heidrick & Struggles International Price Performance

Heidrick & Struggles International stock traded up $1.19 during midday trading on Friday, reaching $47.53. The company's stock had a trading volume of 183,291 shares, compared to its average volume of 153,284. Heidrick & Struggles International has a 52-week low of $25.32 and a 52-week high of $47.81. The stock has a market capitalization of $965.81 million, a P/E ratio of 25.71, a PEG ratio of 0.95 and a beta of 0.85. The stock's 50-day simple moving average is $38.37 and its 200-day simple moving average is $35.63.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last released its quarterly 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 net margin of 3.53% and a return on equity of 12.51%. The business had revenue of $282.82 million for the quarter, compared to analyst estimates of $267.65 million. During the same period in the previous year, the company earned $0.73 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise lifted its holdings in Heidrick & Struggles International by 132.0% in the third quarter. Banque Cantonale Vaudoise now owns 7,108 shares of the business services provider's stock valued at $276,000 after acquiring an additional 4,044 shares during the period. Quest Partners LLC acquired a new position in shares of Heidrick & Struggles International in the 3rd quarter valued at $30,000. Gladius Capital Management LP purchased a new stake in Heidrick & Struggles International during the third quarter worth $31,000. Empowered Funds LLC boosted its holdings in Heidrick & Struggles International by 43.4% during the third 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 in the last quarter. Finally, Royce & Associates LP grew its position in Heidrick & Struggles International by 34.2% during the third quarter. Royce & Associates LP now owns 30,775 shares of the business services provider's stock valued at $1,196,000 after buying an additional 7,851 shares during the period. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Heidrick & Struggles International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. Heidrick & Struggles International's dividend payout ratio (DPR) is presently 32.43%.

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.