Barrington Research Forecasts Weaker Earnings for HireQuest

HireQuest, Inc. (NASDAQ:HQI - Free Report) - Investment analysts at Barrington Research cut their FY2025 earnings per share (EPS) estimates for HireQuest in a research note issued on Monday, May 12th. Barrington Research analyst K. Steinke now expects that the company will post earnings of $0.40 per share for the year, down from their previous forecast of $0.68. Barrington Research has a "Outperform" rating and a $13.00 price target on the stock. The consensus estimate for HireQuest's current full-year earnings is $0.28 per share. Barrington Research also issued estimates for HireQuest's Q4 2025 earnings at $0.08 EPS and FY2026 earnings at $0.49 EPS.

HireQuest Price Performance

Shares of NASDAQ HQI opened at $9.20 on Wednesday. The company has a market cap of $129.10 million, a PE ratio of 83.64 and a beta of 1.20. The stock has a fifty day moving average price of $11.47 and a 200 day moving average price of $13.15. HireQuest has a 1-year low of $9.04 and a 1-year high of $15.75.

HireQuest (NASDAQ:HQI - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). The firm had revenue of $7.47 million during the quarter, compared to analyst estimates of $8.03 million. HireQuest had a net margin of 4.04% and a return on equity of 11.02%.

Hedge Funds Weigh In On HireQuest

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in HireQuest by 31.8% in the fourth quarter. Bank of New York Mellon Corp now owns 111,488 shares of the company's stock valued at $1,579,000 after buying an additional 26,913 shares in the last quarter. Renaissance Technologies LLC purchased a new position in HireQuest in the 4th quarter valued at about $309,000. Inlight Wealth Management LLC acquired a new stake in HireQuest during the fourth quarter worth approximately $287,000. Russell Investments Group Ltd. boosted its holdings in shares of HireQuest by 62,604.0% during the first quarter. Russell Investments Group Ltd. now owns 15,676 shares of the company's stock worth $187,000 after purchasing an additional 15,651 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in HireQuest by 110.8% in the 4th quarter. JPMorgan Chase & Co. now owns 20,939 shares of the company's stock valued at $296,000 after buying an additional 11,007 shares during the period. 12.00% of the stock is owned by hedge funds and other institutional investors.

HireQuest Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.06 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.61%. HireQuest's dividend payout ratio (DPR) is 96.00%.

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.

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