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

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

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 the consensus estimate of $0.05 by ($1.04). The business had revenue of $50.06 million during the quarter, compared to analyst estimates of $52.57 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. 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 Trading Up 2.6%

Shares of Star Equity stock opened at $11.00 on Wednesday. The firm’s 50 day moving average is $11.12 and its 200 day moving average is $10.37. The firm has a market capitalization of $40.70 million, a PE ratio of -4.18 and a beta of 0.51. Star Equity has a 1 year low of $8.38 and a 1 year high of $11.99. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09.

Insider Activity

In other Star Equity news, CEO Jeffrey E. Eberwein bought 13,799 shares of the 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 acquisition, the chief executive officer directly owned 1,054,780 shares of the company’s stock, valued at approximately $10,642,730.20. The trade was a 1.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 78,630 shares of company stock valued at $880,724. 31.60% of the stock is owned by company insiders.

Institutional Trading of Star Equity

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Heartland Advisors Inc. bought a new position in Star Equity during the 4th quarter valued at $140,000. DRW Securities LLC bought a new position in shares of Star Equity during the fourth quarter valued at about $268,000. Bridgeway Capital Management LLC purchased a new position in Star Equity during the fourth quarter worth about $276,000. RBF Capital LLC bought a new stake in Star Equity in the 4th quarter worth about $316,000. Finally, Geode Capital Management LLC purchased a new stake in Star Equity in the 4th quarter valued at about $352,000. 3.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on STRR shares. Zacks Research raised Star Equity from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings cut Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.00.

Star Equity Company Profile

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.