HireQuest (NASDAQ:HQI) Posts Earnings Results, Beats Expectations By $0.02 EPS

HireQuest (NASDAQ:HQI - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02, Zacks reports. HireQuest had a return on equity of 11.02% and a net margin of 4.04%. The firm had revenue of $8.08 million for the quarter, compared to analysts' expectations of $9.30 million.

HireQuest Trading Down 2.6 %

Shares of HQI traded down $0.32 during trading hours on Monday, reaching $11.90. 23,855 shares of the company's stock traded hands, compared to its average volume of 14,733. HireQuest has a 12 month low of $11.39 and a 12 month high of $15.75. The stock has a market cap of $166.60 million, a PE ratio of 108.18 and a beta of 1.03. The firm's 50 day simple moving average is $13.60 and its 200-day simple moving average is $13.92.

HireQuest Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.06 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 2.02%. HireQuest's dividend payout ratio is currently 88.89%.

Analyst Ratings Changes

Separately, Barrington Research decreased their target price on shares of HireQuest from $18.00 to $16.00 and set an "outperform" rating on the stock in a report on Monday.

HireQuest Company Profile

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.