HireQuest, Inc. (HQI) To Go Ex-Dividend on June 1st

HireQuest, Inc. (NASDAQ:HQI) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.06 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st.

HireQuest has raised its dividend payment by an average of 0.2%per year over the last three years. HireQuest has a dividend payout ratio of 42.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect HireQuest to earn $0.61 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 39.3%.

HireQuest Stock Performance

Shares of NASDAQ HQI opened at $13.15 on Friday. HireQuest has a 1 year low of $7.38 and a 1 year high of $13.39. The stock’s 50-day simple moving average is $11.15 and its 200-day simple moving average is $10.52. The firm has a market cap of $182.79 million, a price-to-earnings ratio of 28.59 and a beta of 1.08.

HireQuest (NASDAQ:HQI) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. HireQuest had a return on equity of 14.90% and a net margin of 21.98%.The firm had revenue of $6.52 million during the quarter, compared to the consensus estimate of $6.75 million. As a group, research analysts predict that HireQuest will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

HQI has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and set a $15.00 target price on shares of HireQuest in a research note on Wednesday, May 13th. Weiss Ratings restated a “hold (c-)” rating on shares of HireQuest in a research note on Friday, April 10th. Finally, Barrington Research increased their price objective on shares of HireQuest from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.