HireQuest (NASDAQ:HQI) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

HireQuest (NASDAQ:HQI) posted its earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02, Zacks reports. The company had revenue of $8.08 million during the quarter, compared to analysts’ expectations of $9.30 million. HireQuest had a net margin of 4.04% and a return on equity of 11.02%.

HireQuest Trading Down 9.1 %

HireQuest stock opened at $12.22 on Friday. The company has a market capitalization of $171.08 million, a price-to-earnings ratio of 111.09 and a beta of 1.03. HireQuest has a 12 month low of $11.39 and a 12 month high of $15.75. The stock’s 50 day moving average is $13.61 and its 200-day moving average is $13.94.

HireQuest Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Monday, March 3rd. HireQuest’s dividend payout ratio 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.