From what 2 stock analysts predict, the share price for HireQuest Inc (HQI) might increase by 24.92% in the next year. This is based on a 12-month average estimation for HQI. Price targets go from $18 to $20. The majority of stock analysts believe HQI is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
HireQuest Inc has a total of 2 Wall St Analyst ratings. There are 2 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that HireQuest Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of HQI.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Kevin Steinke Barrington Research | Outperform | $18 | Maintains | Nov 15, 2024 |
Kevin Steinke Barrington Research | Outperform | $17 | Maintains | Aug 22, 2024 |
Michael Baker DA Davidson | Buy | $19 | Maintains | Aug 9, 2024 |
Kevin Steinke Barrington Research | Outperform | $16 | Maintains | Jul 5, 2024 |
Kevin Steinke Barrington Research | Outperform | $16 | Maintains | May 28, 2024 |
Kevin Steinke Barrington Research | Outperform | $16 | Maintains | May 14, 2024 |
Kevin Steinke Barrington Research | Outperform | $19 | Maintains | Apr 4, 2024 |
Michael Baker DA Davidson | Buy | $23 | Maintains | Mar 22, 2024 |
Kevin Steinke Barrington Research | Outperform | $21 | Maintains | Nov 21, 2023 |
Kevin Steinke Barrington Research | Outperform | $26 | Maintains | Aug 16, 2023 |
Michael Albanese EF Hutton | Buy | $27 | Reiterates | Aug 11, 2023 |
Michael Albanese EF Hutton | Buy | $29 | Reiterates | May 15, 2023 |
Kevin Steinke Barrington Research | Outperform | $29 | Reiterates | Apr 5, 2023 |
Michael Albanese EF Hutton | Buy | $29 | Maintains | Mar 20, 2023 |
Michael Albanese EF Hutton | Buy | $24 | Initiates | Sep 13, 2022 |
Kevin Steinke Barrington Research | Outperform | $29 | Initiates | Mar 4, 2022 |
DA Davidson | Buy | Initiates | Dec 13, 2021 |
When did it IPO
N/A
Staff Count
96
Country
United States
Sector/Industry
Industrials/Staffing & Employment Services
CEO
Mr. Richard F. Hermanns
Market Cap
$220.3M
In 2023, HQI generated $37.9M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that HQI's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - HireQuest leverages an asset-light franchise model and aggressive acquisitions. Despite recent price underperformance, it aims for improved performance in 2025, supported by a solid balance sheet and cost controls.
Why It Matters - HireQuest's asset-light model, strong management, and disciplined acquisitions position it for growth, despite recent underperformance, making it a potential turnaround opportunity for investors.
Summary - HireQuest, Inc. (Nasdaq:HQI) declared a quarterly dividend of $0.06 per share, payable on December 16, 2024, to shareholders recorded by December 2, 2024.
Why It Matters - The declaration of a quarterly dividend signals financial stability and commitment to returning value to shareholders, which can enhance investor confidence and potentially boost stock prices.
Summary - HireQuest, Inc. (NASDAQ: HQI) will hold its Q3 2024 Earnings Conference Call on November 7, 2024, at 4:30 PM ET, featuring CEO Rick Hermanns and CFO Steve Crane.
Why It Matters - The upcoming earnings call for HireQuest, Inc. will provide insights into financial performance, potentially impacting stock valuation and investor sentiment.
Summary - HireQuest, Inc. (Nasdaq: HQI) reported a 0.9% increase in franchise royalties for Q3 2024, totaling $9.0 million, up from $8.9 million in the same period last year.
Why It Matters - The slight increase in franchise royalties indicates stable growth for HireQuest, which may boost investor confidence in the company's revenue trajectory and overall financial health.
Summary - HireQuest, Inc. (HQI) reported Q3 earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.16, and up from $0.12 per share year-over-year.
Why It Matters - HireQuest's earnings beat expectations and show year-over-year growth, indicating strong financial performance and potentially boosting investor confidence and stock value.
Summary - FRMO Corp. has increased its Board of Directors to nine members, appointing R. Rimmy Malhotra as a new board member.
Why It Matters - Board expansion and new appointments can signal strategic shifts or enhanced governance, potentially impacting investor confidence and company direction.