HireQuest Inc

HireQuest, Inc. engages in the provision of staffing services. It offers temporary, permanent, and direct-hire recruiting and staffing services of entry-level and clerical or admin employees, construction and light industrial workers, semi-skilled trades, healthcare personnel, and professionals and executives. The company was founded in 1998 and is headquartered in Goose Creek, SC.

Earnings data Q4 2020

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HireQuest Inc (HQI) posts robust Q4 earnings, eyes growth opportunities

HireQuest Inc (HQI) reported strong financial results for Q4 2022, driven by revenue and income growth. The acquisition of MRI Network expands the company's reach, while challenges persist in integration and margin uncertainties. Despite these hurdles, HireQuest is optimistic about future growth opportunities.

HireQuest Inc reports robust Q1 earnings, eyes strategic growth opportunities

HireQuest Inc's Q1 2023 earnings call showcased strong financial performance driven by revenue growth and increased net income. While challenges exist in managing expenses post-acquisition and addressing softening demand, the company's strategic focus on long-term synergies and relationship-building with franchisees positions them well for sustainable growth.

HireQuest Inc reports revenue growth in Q2 2023 amidst acquisition focus

HireQuest Inc's Q2 2023 performance reflects revenue growth but declining EBITDA, with a focus on expense management and integration of acquisitions. The company navigates wage pressures and economic uncertainties while eyeing strategic acquisitions to capitalize on a conservative balance sheet.

HireQuest Inc reports strong Q3 growth amidst challenges, eyes expansion

HireQuest Inc's Q3 2023 showcased robust revenue growth, operational efficiency, and strategic acquisitions driving performance.
While challenges like economic cyclicality and workers' comp expenses persist, the company remains focused on growth and improvement.
With a strong balance sheet, committed leadership, and opportunities for operational enhancements, HireQuest is poised for continued success.

HireQuest Inc reports robust Q4 earnings, eyes growth opportunities

HireQuest Inc delivered strong financial results in Q4 2023 and full-year 2023, showcasing revenue growth, profitability, and operational efficiency.
Despite industry challenges, the company's focus on controlling expenses, maintaining profitability, and pursuing strategic acquisitions positions it for future success.
With a solid balance sheet, low debt, and a commitment to shareholder value, HireQuest is well-equipped to navigate challenges and capitalize on growth opportunities.

HireQuest reports solid Q1 earnings, eyes growth amid industry challenges

HireQuest Inc (HQI) delivered a solid performance in Q1 2024, focusing on expense management and profitability amidst industry challenges.
The company's strong balance sheet, dividend payments, and strategic focus on M&A highlight its financial stability and growth potential.
While facing revenue declines and market uncertainties, HireQuest remains optimistic about future prospects and growth opportunities in the staffing industry.

HireQuest Inc reports profitable Q2, eyes growth amidst market optimism

HireQuest Inc (HQI) navigated Q2 2024 with sustained profitability, focusing on cost management and leveraging their franchising model.
While facing challenges such as a slight revenue decline, the company remains optimistic about growth opportunities in the staffing market.
With a strong balance sheet, successful M&A strategy, and commitment to shareholder value, HireQuest is poised for continued success.
CEO's optimism for the future reflects a strategic outlook towards driving growth and maximizing opportunities in the second half of 2024.

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HireQuest, Inc. engages in the provision of staffing services. It also offers temporary, permanent, and direct-hire recruiting and staffing services of entry-level and clerical or admin employees, construction and light industrial workers, semi-skilled trades, healthcare personnel, and professionals and executives. The company was founded in 1998 and is headquartered in Goose Creek, SC.

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The economic downturn in the manufacturing sector is casting a shadow over the Zacks Staffing Firms industry. HQI, KELYA and RCMT are likely to be the frontrunners, riding on strong service activities, the rising adoption of remote work and growing technology adoption.

Here are 3 Staffing Stocks to Consider Despite Industry Woes

Shares have remained range bound this year as the company deals with a challenging environment in the staffing industry. Q2 results highlighted the company's ability to maintain solid profitability despite a decline in revenue. Although early indicators for Q3 are positive, significant upside in the share price will largely depend on management's success in executing its M&A strategy.

HireQuest Q2 Earnings: Revenue Declines Continue, But Encouraging Signs Emerge

GOOSE CREEK, SC / ACCESSWIRE / August 14, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that its Board of Directors has declared a quarterly dividend of $0.06 per share. The dividend is payable September 16, 2024, to shareholders of record at the close of business on September 2, 2024.

HireQuest, Inc. Declares Quarterly Dividend

HireQuest, Inc. (NASDAQ:HQI ) Q2 2024 Earnings Call August 8, 2024 4:30 PM ET Company Participants John Nesbett - Investor Relations Rick Hermanns - Chief Executive Officer Steve Crane - Chief Financial Officer Conference Call Participants Kevin Steinke - Barrington Research Operator Good afternoon, everyone, and welcome to the HireQuest, Inc. Second Quarter 2024 Earnings Call. [Operator Instructions] Please note, this conference is being recorded.

HireQuest, Inc. (HQI) Q2 2024 Earnings Call Transcript

HireQuest, Inc. (HQI) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.15 per share a year ago.

HireQuest, Inc. (HQI) Q2 Earnings and Revenues Surpass Estimates

GOOSE CREEK, SC / ACCESSWIRE / August 8, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Summary Franchise royalties decreased 6.2% to $8.2 million compared to $8.7 million in the prior year period.

HireQuest Reports Financial Results for Second Quarter 2024

GOOSE CREEK, SC / ACCESSWIRE / July 29, 2024 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it will hold a conference call on Thursday, August 8, 2024, at 4:30 p.m. Eastern Time to discuss its financial results for the second quarter ended June 30, 2024.

HireQuest, Inc. to Hold Second Quarter 2024 Financial Results Conference Call on Thursday, August 8, 2024

HireQuest, Inc. (NASDAQ:HQI ) Q1 2024 Earnings Conference Call May 9, 2024 4:30 PM ET Company Participants John Nesbett – IMS Investor Relations Rick Hermanns – Chief Executive Officer Steve Crane – Chief Financial Officer Conference Call Participants Kevin Steinke – Barrington Research Operator Greetings. Welcome to the HireQuest, Inc. First Quarter 2024 Earnings Call.

HireQuest, Inc. (HQI) Q1 2024 Earnings Call Transcript

HireQuest, Inc. (HQI) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.17 per share a year ago.

HireQuest, Inc. (HQI) Q1 Earnings and Revenues Lag Estimates

GOOSE CREEK, SC / ACCESSWIRE / May 9, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Summary Franchise royalties decreased 16.0% to $7.8 million compared to $9.3 million in the prior year period.

HireQuest Reports Financial Results for First Quarter 2024

GOOSE CREEK, SC / ACCESSWIRE / April 29, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it will hold a conference call on Thursday, May 9, 2024, at 4:30 p.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2024.

HireQuest, Inc. to Hold First Quarter 2024 Financial Results Conference Call on Thursday, May 9, 2024

HireQuest, Inc. (HQI) Q4 2023 Earnings Call Transcript

GOOSE CREEK, SC / ACCESSWIRE / March 21, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Summary Franchise royalties increased 15.9% to $8.9 million compared to $7.7 million in the prior year period.

HireQuest Reports Financial Results for Fourth Quarter and Year End 2023

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Even experienced investors can get sucked in by the fear of missing out (FOMO). This frequently leads to chasing stocks that are trading above their intrinsic value.

The 3 Most Undervalued Value Stocks to Buy in March 2024

GOOSE CREEK, SC / ACCESSWIRE / March 13, 2024 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it will hold a conference call on March 21, 2024, at 4:30 p.m. Eastern Time to discuss its financial results for the fourth quarter and year ended December 31, 2023.

HireQuest, Inc. to Hold Fourth Quarter and Year End 2023 Financial Results Conference Call on Thursday, March 21, 2024

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Keep an eye on staffing stocks like Cross Country Healthcare (CCRN), HireQuest (HQI), Heidrick & Struggles International (HSII), KornFerry International (KFY) and TrueBlue (TBI), banking on solid January jobs growth.

5 Staffing Stocks to Gain as Labor Market Remains Hot

NEW YORK , Dec. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of HireQuest, Inc. ("HireQuest" or the "Company") (NASDAQ: HQI). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of HireQuest, Inc. - HQI

GOOSE CREEK, SC / ACCESSWIRE / December 4, 2023 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it has closed the acquisition of TEC Staffing Services ("TEC") (tecjobs.net), headquartered in Fort Smith, Arkansas. Simultaneously with the closing of the acquisition, HireQuest closed the sale of all TEC's offices throughout Northwest and Central Arkansas to franchisees and completed their conversion to HireQuest's Snelling franchise model.

HireQuest, Inc. Closes Acquisition of TEC Staffing Services

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GOOSE CREEK, SC / ACCESSWIRE / November 13, 2023 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced the appointment of Steven Crane as Chief Financial Officer. In his new role, Mr.

HireQuest, Inc. Appoints Steven Crane as Chief Financial Officer

HireQuest, Inc (NASDAQ:HQI ) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants John Nesbett - Investor Relations Rick Hermanns - Chief Executive Officer David Burnett - Chief Financial Officer Conference Call Participants Mike Baker - D.A. Davidson Kevin Steinke - Barrington Research Operator Greetings and welcome to the HireQuest Inc. Third Quarter 2023 Earnings Call.

HireQuest, Inc (HQI) Q3 2023 Earnings Call Transcript

GOOSE CREEK, SC / ACCESSWIRE / November 8, 2023 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Summary Franchise royalties increased 19.9% to $8.9 million compared to $7.4 million in the prior year period.

HireQuest Reports Financial Results for Third Quarter 2023

HireQuest provides temporary employees to other companies, benefiting from the increasing number of men in the US not formally working. HQI's franchise model allows for higher margins and decentralized operations, reducing the need for full-time staff. Although the future looks promising, the current macroeconomic situation and valuation make me opt for a 'hold' rating.

HireQuest: A Good Option In An Economic Recovery, But A Hold Now

GOOSE CREEK, SC / ACCESSWIRE / October 26, 2023 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it will hold a conference call on Wednesday, November 8, 2023, at 4:30 p.m. Eastern Time to discuss its financial results for the third quarter ended September 30, 2023.

HireQuest, Inc. to Hold Third Quarter Financial Results Conference Call on Wednesday, November 8, 2023

GOOSE CREEK, SC / ACCESSWIRE / October 24, 2023 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it has entered into a definitive agreement to acquire TEC Staffing Services ("TEC") (tecjobs.net), headquartered in Fort Smith, Arkansas. TEC's ten offices throughout Northwest and Central Arkansas provide light industrial, clerical, technical, and professional staffing services, and generated over $34 million in total revenue for the trailing 12-month period ended September 30, 2023.

HireQuest, Inc. Enters Definitive Agreement to Acquire TEC Staffing Services

I am upgrading HireQuest to a buy with a $30 price target based on my 2024 EBITDA estimate of $21.68 million and a 20x EBITDA multiple. This opportunity is available as the stock dropped sharply due to disappointing Q2 earnings were released and negative comments about Q3 and Q4 from CEO Rick Hermanns. I believe this drop also occurred due to some investors losing patience as they were waiting for expenses to roll off from the MRI acquisition.

News for HireQuest Inc Stock (HQI)