Analysts Issue Forecasts for Star Equity FY2028 Earnings

Star Equity Holdings, Inc. (NASDAQ:STRR) – Equities researchers at Litchfield Hills Research issued their FY2028 earnings per share estimates for shares of Star Equity in a research report issued on Tuesday, May 19th. Litchfield Hills Research analyst T. O’neill forecasts that the company will post earnings of $1.60 per share for the year. Litchfield Hills Research currently has a “Buy” rating and a $28.00 price target 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.

Several other analysts have also recently issued reports on STRR. Weiss Ratings upgraded Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Zacks Research upgraded Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Noble Financial upgraded Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.00.

Star Equity Stock Up 4.2%

Shares of STRR opened at $10.11 on Wednesday. The stock has a market capitalization of $37.41 million, a price-to-earnings ratio of -3.84 and a beta of 0.43. Star Equity has a 1 year low of $8.26 and a 1 year high of $11.99. The business’s 50 day simple moving average is $9.70 and its 200-day simple moving average is $10.16. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.99) 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 business had revenue of $50.06 million during the quarter, compared to analysts’ expectations of $52.57 million.

Institutional Trading of Star Equity

Hedge funds and other institutional investors have recently bought and sold shares of the stock. North Star Investment Management Corp. acquired a new stake in Star Equity during the first quarter worth about $565,000. Mink Brook Asset Management LLC acquired a new stake in Star Equity in the fourth quarter valued at approximately $3,538,000. Renaissance Technologies LLC acquired a new stake in Star Equity in the fourth quarter valued at approximately $886,000. Rothschild Wealth LLC acquired a new stake in Star Equity in the fourth quarter valued at approximately $746,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Star Equity in the fourth quarter valued at approximately $629,000. 3.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jeffrey E. Eberwein sold 7,722 shares of the firm’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 transaction, the chief executive officer directly owned 764,217 shares in the company, valued at $7,603,959.15. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, 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 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.