Barrington Research Lowers HireQuest (NASDAQ:HQI) Price Target to $16.00

HireQuest (NASDAQ:HQI) had its price target reduced by Barrington Research from $18.00 to $16.00 in a research report report published on Monday,Benzinga reports. They currently have an outperform rating on the stock. Barrington Research also issued estimates for HireQuest’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.68 EPS and FY2026 earnings at $0.80 EPS.

HireQuest Stock Performance

NASDAQ HQI opened at $12.37 on Monday. The firm has a market cap of $173.18 million, a price-to-earnings ratio of 112.45 and a beta of 1.03. The firm has a 50 day simple moving average of $13.56 and a 200-day simple moving average of $13.89. HireQuest has a one year low of $11.39 and a one year high of $15.75.

HireQuest (NASDAQ:HQI) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. HireQuest had a net margin of 4.04% and a return on equity of 11.02%. The company had revenue of $8.08 million during the quarter, compared to analysts’ expectations of $9.30 million. Equities analysts predict that HireQuest will post 0.28 EPS for the current fiscal year.

HireQuest Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Monday, March 3rd. HireQuest’s dividend payout ratio is currently 88.89%.

Hedge Funds Weigh In On HireQuest

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of HireQuest by 233.4% during the third quarter. JPMorgan Chase & Co. now owns 9,932 shares of the company’s stock worth $141,000 after purchasing an additional 6,953 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of HireQuest by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 131,394 shares of the company’s stock worth $1,861,000 after acquiring an additional 5,007 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of HireQuest by 16.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company’s stock valued at $230,000 after acquiring an additional 2,256 shares during the last quarter. Barclays PLC raised its position 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in HireQuest by 31.8% during the fourth quarter. Bank of New York Mellon Corp now owns 111,488 shares of the company’s stock worth $1,579,000 after purchasing an additional 26,913 shares during the last quarter. 12.00% of the stock is owned by institutional investors and hedge funds.

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.