HireQuest (NASDAQ:HQI) Announces Quarterly Earnings Results

HireQuest (NASDAQ:HQI – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.10, FiscalAI reports. HireQuest had a return on equity of 14.90% and a net margin of 21.98%.

HireQuest Trading Up 2.2%

HireQuest stock traded up $0.29 during midday trading on Monday, hitting $13.57. The stock had a trading volume of 11,066 shares, compared to its average volume of 19,575. The firm’s fifty day moving average is $12.89 and its two-hundred day moving average is $11.76. The company has a market capitalization of $188.62 million, a PE ratio of 29.50 and a beta of 1.11. HireQuest has a 52-week low of $7.38 and a 52-week high of $14.53.

Get HireQuest alerts:

Hedge Funds Weigh In On HireQuest

A number of hedge funds have recently modified their holdings of HQI. Geode Capital Management LLC raised its position in shares of HireQuest by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 139,141 shares of the company’s stock valued at $1,393,000 after purchasing an additional 5,685 shares during the period. Russell Investments Group Ltd. increased its stake in HireQuest by 67.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 26,303 shares of the company’s stock worth $263,000 after buying an additional 10,627 shares in the last quarter. Vanguard Group Inc. increased its stake in HireQuest by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 293,013 shares of the company’s stock worth $2,819,000 after buying an additional 12,246 shares in the last quarter. Deutsche Bank AG raised its holdings in HireQuest by 158.0% during the fourth quarter. Deutsche Bank AG now owns 10,945 shares of the company’s stock valued at $115,000 after acquiring an additional 6,702 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in HireQuest during the fourth quarter valued at about $112,000. 12.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HQI shares. DA Davidson restated a “buy” rating and set a $15.00 target price on shares of HireQuest in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of HireQuest from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Finally, Barrington Research boosted their price objective on shares of HireQuest from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Get Our Latest Analysis on HQI

About HireQuest

(Get Free Report)

HireQuest, Inc is a publicly traded holding company that provides equipment rental and workforce solutions across North America through two primary operating subsidiaries. Its Coast Equipment Rentals division offers a broad range of support equipment—such as pumps, trench safety systems, power and HVAC units, air compressors, light towers and generators—to the construction, industrial, municipal and environmental markets. Coast Equipment Rentals operates more than 135 branch locations in 36 U.S.

Featured Articles

• Five stocks we like better than HireQuest
• SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
• 3 Dividend Champion Utilities for a Market That Can’t Sit Still
• These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
• First Solar’s Profit Engine Faces a New Policy Test in Washington

Receive News & Ratings for HireQuest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HireQuest and related companies with MarketBeat.com's FREE daily email newsletter.