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

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

HireQuest Price Performance

Shares of HQI stock opened at $12.22 on Friday. The company has a fifty day moving average price of $13.61 and a two-hundred day moving average price of $13.94. HireQuest has a one year low of $11.39 and a one year high of $15.75. The stock has a market cap of $171.08 million, a P/E ratio of 111.09 and a beta of 1.03.

HireQuest Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.96%. The ex-dividend date was Monday, March 3rd. HireQuest’s dividend payout ratio (DPR) is currently 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.