HireQuest (NASDAQ:HQI) Posts Earnings Results

HireQuest (NASDAQ:HQI) announced its earnings results on Thursday. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02), FiscalAI reports. HireQuest had a net margin of 27.06% and a return on equity of 16.35%. The firm had revenue of $8.81 million for the quarter, compared to analyst estimates of $8.70 million.

HireQuest Trading Up 1.5%

NASDAQ HQI traded up $0.28 on Thursday, reaching $18.53. 25,858 shares of the company were exchanged, compared to its average volume of 22,401. The business’s fifty day moving average price is $17.44 and its 200 day moving average price is $13.60. The stock has a market capitalization of $257.57 million, a P/E ratio of 32.51 and a beta of 1.26. HireQuest has a fifty-two week low of $7.38 and a fifty-two week high of $20.84.

Wall Street Analysts Forecast Growth

HQI has been the subject of several recent research reports. DA Davidson increased their price objective on HireQuest from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of HireQuest from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Wall Street Zen downgraded shares of HireQuest from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 1st. Finally, Barrington Research set a $19.00 price target on shares of HireQuest in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

About HireQuest

HireQuest, Inc. is a staffing company that provides temporary staffing and direct-hire services through a network of franchised offices. Its services connect employers with workers for roles in areas such as construction, light industrial, skilled trades, hospitality, and office support. The company operates under several brands, including HireQuest, HireQuest Direct, Snelling, TradeCorp, and MRINetwork. Its franchise model gives local operators access to the company’s staffing services and brand platforms.