HireQuest, Inc. (NASDAQ:HQI ) Q4 2024 Results Conference Call March 27, 2025 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 Keegan Cox - D.A. Davidson Operator Greetings.
The company has thus far resiliently navigated a challenging job market, while experiencing modest revenue declines. The outlook for this year is more promising due to several factors, and I estimate revenue growth at least in the mid single digit range. Shares are valued at 10 times FCF, which represents a large discount compared to its historical average and is attractive in comparison to its peers.
HireQuest stands out in the staffing industry because it has a proven asset-light franchise model, an aggressive acquisition strategy, management talent, and material ownership in the common stock. Despite recent price underperformance, the company's impressive prior four-year profitable operations, solid balance sheet, cost controls, and disciplined approach to acquisitions present a compelling mean reversion and growth opportunity. HireQuest expects better performance in 2025 due to market stabilization and cost control.
GOOSE CREEK, SC / ACCESSWIRE / November 12, 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 December 16, 2024, to shareholders of record at the close of business on December 2, 2024.
HireQuest, Inc. (NASDAQ:HQI ) Q3 2024 Earnings Conference Call November 7, 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 Mike Baker - D.A. Davidson Kevin Steinke - Barrington Research Operator Good afternoon, everyone, and welcome to the HireQuest, Incorporated Third Quarter 2024 Earnings Call.
HireQuest, Inc. (HQI) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.12 per share a year ago.
GOOSE CREEK, SC / ACCESSWIRE / November 7, 2024 / 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, 2024. Third Quarter 2024 Summary Franchise royalties increased 0.9% to $9.0 million compared to $8.9 million in the prior year period.
GOOSE CREEK, SC / ACCESSWIRE / October 31, 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, November 7, 2024, at 4:30 p.m. Eastern Time to discuss its financial results for the third quarter ended September 30, 2024.
LGTY, HQI and HRB made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 17, 2024.
The staffing industry has been benefiting from a resilient labor market. Three stocks to buy are RCMT, HQI, MAN.
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.
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.