Barrington Research Predicts HireQuest Q4 Earnings

HireQuest, Inc. (NASDAQ:HQI) – Investment analysts at Barrington Research raised their Q4 2024 earnings estimates for HireQuest in a note issued to investors on Friday, November 15th. Barrington Research analyst K. Steinke now forecasts that the company will post earnings of $0.17 per share for the quarter, up from their prior forecast of $0.16. Barrington Research has a “Outperform” rating and a $18.00 price objective on the stock. The consensus estimate for HireQuest’s current full-year earnings is $0.59 per share. Barrington Research also issued estimates for HireQuest’s FY2025 earnings at $0.83 EPS.

Separately, DA Davidson reaffirmed a “buy” rating and issued a $19.00 target price on shares of HireQuest in a research note on Friday, August 9th.

HireQuest Stock Up 0.9 %

NASDAQ:HQI opened at $14.67 on Monday. The firm has a market cap of $205.38 million, a PE ratio of 133.36 and a beta of 1.02. HireQuest has a 12 month low of $11.39 and a 12 month high of $17.31. The company’s 50-day moving average price is $14.01 and its two-hundred day moving average price is $13.34.

Hedge Funds Weigh In On HireQuest

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of HireQuest by 0.9% during the first quarter. Vanguard Group Inc. now owns 267,461 shares of the company’s stock worth $3,464,000 after buying an additional 2,490 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of HireQuest by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock worth $1,113,000 after buying an additional 772 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of HireQuest during the third quarter worth approximately $147,000. Barclays PLC raised its stake in shares of HireQuest by 288.2% during the third quarter. Barclays PLC now owns 7,837 shares of the company’s stock worth $110,000 after buying an additional 5,818 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of HireQuest by 4.0% during the third quarter. Geode Capital Management LLC now owns 131,394 shares of the company’s stock worth $1,861,000 after buying an additional 5,007 shares during the last quarter. 12.00% of the stock is owned by institutional investors.

HireQuest Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, December 2nd. HireQuest’s dividend payout ratio is presently 218.18%.

About HireQuest

HireQuest, Inc provides temporary staffing services in the United States. It offers staffing services, including direct-dispatch, executive search, consultant, unskilled and semi-skilled industrial and construction personnel, clerical and administrative personnel, and permanent placement services, as well as commercial and non-CDL drivers, and skilled personnel in the medical and dental industries.