Analysts Issue Forecasts for Star Equity FY2028 Earnings

Star Equity Holdings, Inc. (NASDAQ:STRR) – Analysts at Litchfield Hills Research issued their FY2028 earnings per share estimates for Star Equity in a report released on Tuesday, May 19th. Litchfield Hills Research analyst T. O’neill anticipates that the company will post earnings of $1.60 per share for the year. Litchfield Hills Research has a “Buy” rating and a $28.00 price objective on the stock. The consensus estimate for Star Equity’s current full-year earnings is ($0.05) per share. Litchfield Hills Research also issued estimates for Star Equity’s FY2029 earnings at $1.75 EPS and FY2030 earnings at $1.85 EPS.

Star Equity (NASDAQ:STRR) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%.The company had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million.

A number of other equities research analysts also recently commented on the company. Noble Financial upgraded Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Zacks Research upgraded Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings raised Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.00.

Star Equity Price Performance

NASDAQ:STRR opened at $10.11 on Wednesday. Star Equity has a 52 week low of $8.26 and a 52 week high of $11.99. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $37.41 million, a P/E ratio of -3.84 and a beta of 0.43. The stock’s fifty day moving average is $9.70 and its two-hundred day moving average is $10.16.

Institutional Trading of Star Equity

A number of hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in Star Equity by 2.8% during the 1st quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock worth $832,000 after acquiring an additional 2,200 shares during the period. Heartland Advisors Inc. purchased a new position in shares of Star Equity during the 4th quarter worth approximately $140,000. DRW Securities LLC purchased a new position in shares of Star Equity during the 4th quarter worth approximately $268,000. Bridgeway Capital Management LLC purchased a new position in shares of Star Equity during the 4th quarter worth approximately $276,000. Finally, RBF Capital LLC purchased a new position in shares of Star Equity during the 4th quarter worth approximately $316,000. 3.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jeffrey E. Eberwein sold 7,722 shares of the company’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $9.95, for a total value of $76,833.90. Following the completion of the sale, the chief executive officer directly owned 764,217 shares of the company’s stock, valued at $7,603,959.15. This represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders bought 4,227 shares of company stock valued at $42,248 and sold 23,000 shares valued at $229,020. 10.40% of the stock is currently owned by company insiders.

About Star Equity

Hudson Global, Inc is a publicly traded talent acquisition and recruitment firm that provides a range of staffing and workforce solutions to organizations around the world. Operating primarily through two service lines—recruitment process outsourcing (RPO) and retained executive search—the company connects employers with qualified professionals across a variety of disciplines, including finance, accounting, technology, human resources and legal. Its flexible engagement models encompass project-based sourcing, volume hiring and high-level leadership searches, enabling clients to tailor recruitment strategies to their specific business objectives.

With a global footprint spanning North America, Europe, Asia-Pacific and Latin America, Hudson Global supports multinational corporations as well as regional and niche market clients.