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GOOSE CREEK, SC - HireQuest, Inc. (NASDAQ:HQI), a national provider of staffing services, announced on Friday that its Board of Directors has approved a quarterly cash dividend. The dividend of $0.06 per share is scheduled for payment on June 16, 2025, to shareholders of record as of June 2, 2025. According to InvestingPro analysis, HireQuest currently offers a 2.4% dividend yield, with the company showing a "FAIR" overall financial health score.
The company, which operates through various divisions including HireQuest Direct, HireQuest Health, MRINetwork, Snelling, and TradeCorp, offers a range of staffing solutions in several sectors such as construction, healthcare, and engineering. This decision to issue a dividend reflects the company’s current financial position and its commitment to delivering value to its shareholders. The company maintains strong liquidity with a current ratio of 2.18 and operates with a conservative debt-to-equity ratio of 0.08.
However, the press release also included cautionary statements regarding forward-looking information. It specified that there is no guarantee that future dividends will be declared. The payment of dividends is contingent upon the Board’s discretion each quarter after reviewing HireQuest’s financial performance and cash needs. Furthermore, the payment of the announced dividend is conditional upon the Board not rescinding the decision prior to the payment date. InvestingPro subscribers can access 10+ additional investment tips and comprehensive financial metrics to better evaluate HireQuest’s dividend sustainability.
The company highlighted that the declaration and payment of future dividends could be influenced by various factors, including legal compliance, financing agreement terms, tax law changes, the company’s financial health, and other risks and uncertainties detailed in its SEC filings.
HireQuest’s announcement is based on a press release statement and does not imply any future financial guidance or assurance of subsequent dividend payments. The company’s filings with the Securities and Exchange Commission provide more detailed information on potential risks and uncertainties that could affect its financial outcomes and dividend policies.
In other recent news, HireQuest Inc. reported its financial results for the first quarter of 2025, revealing earnings per share (EPS) of $0.10, which fell short of the projected $0.15. The company’s revenue also missed expectations, totaling $7.5 million against the anticipated $9.3 million. Meanwhile, HireQuest has made a public offer to acquire all outstanding shares of TrueBlue Inc. for $7.50 per share, structured as an all-stock deal. This proposal represents a 61% premium over TrueBlue’s closing stock price as of May 12, 2025. Despite HireQuest’s persistent efforts, TrueBlue’s board has not engaged with the offer, citing undervaluation concerns. Analyst firm DA Davidson has maintained a Buy rating on HireQuest, with a price target of $15, reflecting confidence in the company’s potential for growth through acquisitions. The proposed acquisition and HireQuest’s strategic focus on expansion highlight the company’s efforts to enhance shareholder value amidst a challenging economic environment.
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