Star Equity (STRR) Projected to Release Earnings on Thursday

Star Equity (NASDAQ:STRR) is expected to post 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 announced its earnings results on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.04). The business had revenue of $50.06 million for the quarter, compared to the consensus estimate 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 Price Performance

STRR stock opened at $10.83 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84. The company’s 50-day moving average is $11.16 and its 200-day moving average is $10.37. The stock has a market capitalization of $40.07 million, a PE ratio of -4.12 and a beta of 0.51. Star Equity has a 1 year low of $8.38 and a 1 year high of $11.99.

Insider Buying and Selling at Star Equity

In related news, CEO Jeffrey E. Eberwein purchased 4,766 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average price of $11.16 per share, with a total value of $53,188.56. Following the acquisition, the chief executive officer directly owned 1,115,714 shares of the company’s stock, valued at approximately $12,451,368.24. This represents a 0.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders bought 78,630 shares of company stock valued at $880,724. Company insiders own 31.60% of the company’s stock.

Institutional Investors Weigh In On Star Equity

Several hedge funds have recently added to or reduced their stakes in STRR. Heartland Advisors Inc. purchased a new stake in Star Equity in the fourth quarter worth approximately $140,000. DRW Securities LLC bought a new stake in shares of Star Equity in the fourth quarter worth about $268,000. Bridgeway Capital Management LLC purchased a new position in shares of Star Equity during the fourth quarter valued at approximately $276,000. RBF Capital LLC bought a new position in Star Equity in the 4th quarter worth $316,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Star Equity in the 4th quarter worth about $352,000. Institutional investors own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on STRR shares. Weiss Ratings downgraded Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. Zacks Research raised Star Equity from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.00.

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.