Heidrick & Struggles International (NASDAQ:HSII) Issues Earnings Results, Beats Expectations By $0.11 EPS

Heidrick & Struggles International (NASDAQ:HSII) posted its quarterly earnings results on Monday. The business services provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11, Zacks reports. Heidrick & Struggles International had a net margin of 3.59% and a return on equity of 12.69%. The company had revenue of $282.88 million during the quarter, compared to analyst estimates of $265.69 million. During the same period in the prior year, the business posted $0.73 EPS. Heidrick & Struggles International updated its Q3 2024 guidance to EPS.

Heidrick & Struggles International Stock Down 2.4 %

HSII traded down $1.00 during midday trading on Wednesday, hitting $40.21. 85,585 shares of the company traded hands, compared to its average volume of 166,766. The company’s 50-day moving average is $33.73 and its 200 day moving average is $32.05. Heidrick & Struggles International has a 52 week low of $22.52 and a 52 week high of $41.94. The firm has a market capitalization of $814.25 million, a PE ratio of 16.10, a price-to-earnings-growth ratio of 0.92 and a beta of 0.88.

Heidrick & Struggles International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Friday, August 9th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, August 9th. Heidrick & Struggles International’s dividend payout ratio is currently 23.44%.

Analyst Ratings Changes

Several brokerages have commented on HSII. Barrington Research restated an “outperform” rating and issued a $40.00 price objective on shares of Heidrick & Struggles International in a report on Thursday, May 16th. Truist Financial upped their price objective on shares of Heidrick & Struggles International from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Tuesday, May 7th. Finally, StockNews.com downgraded shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.