HireQuest (NASDAQ:HQI) Announces Quarterly Earnings Results

HireQuest (NASDAQ:HQI) posted its earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $8.70 million.

HireQuest Trading Up 1.5%

HQI traded up $0.28 during mid-day trading on Thursday, hitting $18.53. 25,858 shares of the stock were exchanged, compared to its average volume of 22,401. The firm’s fifty day moving average is $17.44 and its two-hundred day moving average is $13.60. HireQuest has a 1-year low of $7.38 and a 1-year high of $20.84. The company has a market cap of $257.57 million, a PE ratio of 32.51 and a beta of 1.26.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barrington Research set a $19.00 price target on shares of HireQuest in a research report on Wednesday, August 12th. Weiss Ratings raised HireQuest from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. DA Davidson lifted their target price on HireQuest from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen lowered HireQuest from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 1st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.