Q4 EPS Estimates for HireQuest Lifted by Barrington Research

HireQuest, Inc. (NASDAQ:HQI) – Research analysts at Barrington Research lifted their Q4 2024 earnings estimates for HireQuest in a research report issued 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 currently has a “Outperform” rating and a $18.00 target price 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 reissued a “buy” rating and issued a $19.00 price objective on shares of HireQuest in a report on Friday, August 9th.

HireQuest Price Performance

Shares of HQI stock opened at $14.30 on Monday. The business has a fifty day moving average of $13.99 and a 200 day moving average of $13.31. HireQuest has a 1 year low of $11.39 and a 1 year high of $17.31. The firm has a market capitalization of $200.20 million, a price-to-earnings ratio of 130.00 and a beta of 1.02.

Institutional Investors Weigh In On HireQuest

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in 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 in the last quarter. Geode Capital Management LLC raised its position in shares of HireQuest by 4.0% in the third quarter. Geode Capital Management LLC now owns 131,394 shares of the company’s stock worth $1,861,000 after acquiring an additional 5,007 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of HireQuest by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock worth $1,113,000 after acquiring an additional 772 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of HireQuest by 16.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company’s stock valued at $230,000 after acquiring an additional 2,256 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of HireQuest in the 3rd quarter valued at about $147,000. 12.00% of the stock is owned by institutional investors and hedge funds.

HireQuest Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.06 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.68%. HireQuest’s payout ratio is currently 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.