Analysts Offer Predictions for HireQuest, Inc.’s FY2023 Earnings (NASDAQ:HQI)

HireQuest, Inc. (NASDAQ:HQIGet Rating) – Research analysts at Barrington Research dropped their FY2023 earnings estimates for shares of HireQuest in a research report issued on Wednesday, May 17th. Barrington Research analyst K. Steinke now anticipates that the company will earn $0.97 per share for the year, down from their previous estimate of $1.22. Barrington Research has a “Outperform” rating and a $29.00 price objective on the stock. The consensus estimate for HireQuest’s current full-year earnings is $0.97 per share.

HireQuest (NASDAQ:HQIGet Rating) last issued its quarterly earnings data on Thursday, March 16th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). HireQuest had a return on equity of 24.50% and a net margin of 39.63%. The business had revenue of $8.05 million during the quarter, compared to the consensus estimate of $8.49 million.

Separately, DA Davidson increased their target price on shares of HireQuest from $23.00 to $28.00 in a report on Friday, March 17th.

HireQuest Price Performance

Shares of NASDAQ:HQI opened at $24.46 on Monday. The firm’s 50 day moving average price is $21.53 and its 200-day moving average price is $19.93. HireQuest has a twelve month low of $11.80 and a twelve month high of $25.20. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $339.99 million, a PE ratio of 23.08 and a beta of 1.01.

Institutional Investors Weigh In On HireQuest

Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG grew its holdings in HireQuest by 149,900.0% during the 1st quarter. UBS Group AG now owns 1,500 shares of the company’s stock valued at $32,000 after buying an additional 1,499 shares in the last quarter. Morgan Stanley grew its holdings in HireQuest by 6,276.5% during the 4th quarter. Morgan Stanley now owns 3,252 shares of the company’s stock valued at $51,000 after buying an additional 3,201 shares in the last quarter. Citigroup Inc. purchased a new stake in HireQuest during the 4th quarter valued at approximately $110,000. Money Concepts Capital Corp purchased a new stake in HireQuest during the 4th quarter valued at approximately $142,000. Finally, Bank of America Corp DE boosted its position in shares of HireQuest by 437.2% during the 1st quarter. Bank of America Corp DE now owns 6,881 shares of the company’s stock valued at $148,000 after acquiring an additional 5,600 shares during the last quarter. 6.97% of the stock is owned by hedge funds and other institutional investors.

HireQuest Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Wednesday, May 31st. HireQuest’s dividend payout ratio (DPR) is currently 22.64%.

HireQuest Company Profile

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HireQuest, Inc engages in the provision of staffing services. It also offers temporary, permanent, and direct-hire recruiting and staffing services of entry-level and clerical or admin employees, construction and light industrial workers, semi-skilled trades, healthcare personnel, and professionals and executives.

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