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

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

Heidrick & Struggles International Stock Up 15.2 %

Shares of HSII opened at $41.21 on Wednesday. The stock has a market capitalization of $834.50 million, a P/E ratio of 16.10, a P/E/G ratio of 0.92 and a beta of 0.88. Heidrick & Struggles International has a twelve month low of $22.52 and a twelve month high of $41.94. The company has a 50 day moving average of $33.73 and a 200-day moving average of $32.05.

Heidrick & Struggles International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.46%. Heidrick & Struggles International’s dividend payout ratio is currently 23.44%.

Analyst Upgrades and Downgrades

HSII has been the subject of a number of research reports. StockNews.com cut Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research note on Tuesday. Barrington Research reissued an “outperform” rating and set a $40.00 target price on shares of Heidrick & Struggles International in a research note on Thursday, May 16th. Finally, Truist Financial raised their price target on shares of Heidrick & Struggles International from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Tuesday, May 7th.

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.