HireQuest, Inc. (NASDAQ:HQI – Get Free Report) declared a quarterly dividend on Thursday, August 13th. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.06 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th.
HireQuest has raised its dividend by an average of 0.2%per year over the last three years. HireQuest has a dividend payout ratio of 42.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HireQuest to earn $0.56 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 42.9%.
HireQuest Stock Up 6.4%
Shares of HQI stock opened at $17.71 on Friday. The stock has a 50-day simple moving average of $13.18 and a 200 day simple moving average of $11.90. The stock has a market capitalization of $246.17 million, a P/E ratio of 31.07 and a beta of 1.11. HireQuest has a fifty-two week low of $7.38 and a fifty-two week high of $19.01.
Wall Street Analysts Forecast Growth
A number of research firms have commented on HQI. Weiss Ratings raised shares of HireQuest from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. DA Davidson lifted their target price on shares of HireQuest from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Barrington Research set a $19.00 price target on shares of HireQuest in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.
View Our Latest Research Report on HQI
HireQuest Company Profile
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.
Recommended Stories
- Five stocks we like better than HireQuest
- Why Are Analysts Freaking Out About Apple’s All-Glass iPhone?
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
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.
