Star Equity (STRR) Projected to Release Quarterly Earnings on Thursday

Star Equity (NASDAQ:STRR) is anticipated to release its results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $56.9190 million for the quarter.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share (EPS) 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 firm had revenue of $50.06 million during the quarter, compared to the consensus estimate of $52.57 million. On average, analysts expect Star Equity to post $-0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Star Equity Stock Performance

Shares of STRR stock opened at $10.83 on Thursday. Star Equity has a 12 month low of $8.38 and a 12 month high of $11.99. The stock has a market cap of $40.07 million, a PE ratio of -4.12 and a beta of 0.51. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average price is $11.16 and its 200-day moving average price is $10.37.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STRR. Weiss Ratings lowered shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. Zacks Research upgraded shares of Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.00.

Insider Activity

In other news, CEO Jeffrey E. Eberwein purchased 13,799 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of $10.09 per share, for a total transaction of $139,231.91. Following the purchase, the chief executive officer directly owned 1,054,780 shares in the company, valued at approximately $10,642,730.20. This trade represents a 1.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders bought 78,630 shares of company stock valued at $880,724. 31.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in STRR. Rothschild Wealth LLC bought a new stake in shares of Star Equity during the fourth quarter valued at approximately $746,000. Mink Brook Asset Management LLC purchased a new position in Star Equity in the 4th quarter worth approximately $3,538,000. Renaissance Technologies LLC bought a new position in Star Equity in the 4th quarter valued at approximately $886,000. Dimensional Fund Advisors LP bought a new position in Star Equity in the 4th quarter valued at approximately $629,000. Finally, Geode Capital Management LLC bought a new position in Star Equity in the 4th quarter valued at approximately $352,000. Institutional investors own 3.84% of the company’s stock.

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.