Q4 EPS Estimates for HireQuest Raised by Barrington Research

HireQuest, Inc. (NASDAQ:HQI - Free Report) - Analysts at Barrington Research increased their Q4 2024 earnings estimates for HireQuest in a report issued on Friday, November 15th. Barrington Research analyst K. Steinke now expects that the company will post earnings of $0.17 per share for the quarter, up from their previous forecast of $0.16. Barrington Research has a "Outperform" rating and a $18.00 price target 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 reiterated a "buy" rating and issued a $19.00 target price on shares of HireQuest in a research note on Friday, August 9th.

HireQuest Price Performance

Shares of NASDAQ:HQI traded up $0.45 during midday trading on Monday, hitting $14.75. 10,804 shares of the company's stock were exchanged, compared to its average volume of 13,782. The stock has a 50 day moving average price of $13.99 and a 200-day moving average price of $13.31. The company has a market cap of $206.50 million, a PE ratio of 130.00 and a beta of 1.02. HireQuest has a 12 month low of $11.39 and a 12 month high of $17.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of HireQuest by 288.2% during the 3rd quarter. Barclays PLC now owns 7,837 shares of the company's stock worth $110,000 after acquiring an additional 5,818 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of HireQuest during the 3rd quarter worth $147,000. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $230,000 after acquiring an additional 2,256 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in HireQuest by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company's stock worth $1,113,000 after purchasing an additional 772 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in 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 purchasing an additional 5,007 shares during the last quarter. 12.00% of the stock is currently owned by hedge funds and other institutional investors.

HireQuest Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Monday, December 2nd. HireQuest's dividend payout ratio (DPR) is presently 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.