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HireQuest

Nasdaq:HQI
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HQI
Nasdaq
$90M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

HireQuest, Inc. provides on-demand and temporary staffing solutions in the United States. The last earnings update was 99 days ago. More info.


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HQI Share Price and Events
7 Day Returns
-4.5%
NasdaqCM:HQI
0.8%
US Professional Services
0.1%
US Market
1 Year Returns
-
NasdaqCM:HQI
30.1%
US Professional Services
19.4%
US Market
HQI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HireQuest (HQI) -4.5% -2.5% 4.7% - - -
US Professional Services 0.8% 3.1% 13.3% 30.1% 56.7% 71.8%
US Market 0.1% 1.1% 8.9% 19.4% 39.3% 53.1%
1 Year Return vs Industry and Market
  • No trading data on HQI.
  • No trading data on HQI.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is HireQuest undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of HireQuest to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for HireQuest.

NasdaqCM:HQI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:HQI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.839 (1 + (1- 21%) (7.91%))
0.927
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.927 * 5.44%)
6.78%

Discounted Cash Flow Calculation for NasdaqCM:HQI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HireQuest is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqCM:HQI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.78%)
2020 3.71 Est @ 4.53% 3.47
2021 3.85 Est @ 3.69% 3.37
2022 3.97 Est @ 3.11% 3.26
2023 4.07 Est @ 2.7% 3.13
2024 4.17 Est @ 2.41% 3.00
2025 4.26 Est @ 2.21% 2.88
2026 4.35 Est @ 2.07% 2.75
2027 4.44 Est @ 1.97% 2.62
2028 4.52 Est @ 1.9% 2.50
2029 4.60 Est @ 1.85% 2.39
Present value of next 10 years cash flows $29.00
NasdaqCM:HQI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $4.60 × (1 + 1.74%) ÷ (6.78% – 1.74%)
$92.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $92.90 ÷ (1 + 6.78%)10
$48.20
NasdaqCM:HQI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $29.00 + $48.20
$77.20
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $77.20 / 13.48
$5.73
NasdaqCM:HQI Discount to Share Price
Calculation Result
Value per share (USD) From above. $5.73
Current discount Discount to share price of $6.65
= -1 x ($6.65 - $5.73) / $5.73
-16.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of HireQuest is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for HireQuest's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HireQuest's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:HQI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-29) in USD $-0.17
NasdaqCM:HQI Share Price ** NasdaqCM (2020-02-19) in USD $6.65
United States of America Professional Services Industry PE Ratio Median Figure of 35 Publicly-Listed Professional Services Companies 19.33x
United States of America Market PE Ratio Median Figure of 2,898 Publicly-Listed Companies 18.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of HireQuest.

NasdaqCM:HQI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:HQI Share Price ÷ EPS (both in USD)

= 6.65 ÷ -0.17

-39.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HireQuest is loss making, we can't compare its value to the US Professional Services industry average.
  • HireQuest is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does HireQuest's expected growth come at a high price?
Raw Data
NasdaqCM:HQI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -39.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Professional Services Industry PEG Ratio Median Figure of 31 Publicly-Listed Professional Services Companies 2.04x
United States of America Market PEG Ratio Median Figure of 2,005 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for HireQuest, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HireQuest's assets?
Raw Data
NasdaqCM:HQI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-29) in USD $2.16
NasdaqCM:HQI Share Price * NasdaqCM (2020-02-19) in USD $6.65
United States of America Professional Services Industry PB Ratio Median Figure of 57 Publicly-Listed Professional Services Companies 2.68x
United States of America Market PB Ratio Median Figure of 5,104 Publicly-Listed Companies 1.79x
NasdaqCM:HQI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:HQI Share Price ÷ Book Value per Share (both in USD)

= 6.65 ÷ 2.16

3.08x

* Primary Listing of HireQuest.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HireQuest is overvalued based on assets compared to the US Professional Services industry average.
X
Value checks
We assess HireQuest's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. HireQuest has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is HireQuest expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as HireQuest has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
28.2%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HireQuest expected to grow at an attractive rate?
  • Unable to compare HireQuest's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare HireQuest's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare HireQuest's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:HQI Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 28.2%
United States of America Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:HQI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:HQI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-29 14 4 -2
2019-03-31 13 -2 7
2018-12-31 13 5 7
2017-12-31 11 4 3
2016-12-31 10 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if HireQuest is high growth as no earnings estimate data is available.
  • Unable to determine if HireQuest is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:HQI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from HireQuest Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:HQI Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-29 -0.17
2019-03-31
2018-12-31 1.54
2017-12-31
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if HireQuest will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine HireQuest's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. HireQuest's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. HireQuest's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess HireQuest's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
HireQuest has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has HireQuest performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare HireQuest's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • HireQuest does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare HireQuest's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare HireQuest's 1-year growth to the US Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
HireQuest's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from HireQuest Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:HQI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-29 14.27 -2.24 11.22
2019-03-31 13.41 7.38 5.49
2018-12-31 12.97 7.12 5.38
2017-12-31 11.28 2.84 7.92
2016-12-31 10.09 3.03 6.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if HireQuest has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if HireQuest has efficiently used its assets last year compared to the US Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if HireQuest improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess HireQuest's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
HireQuest has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is HireQuest's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up HireQuest's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HireQuest is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HireQuest's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HireQuest's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from HireQuest Company Filings, last reported 4 months ago.

NasdaqCM:HQI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-29 29.06 6.89 1.53
2019-03-31 13.41 0.74 0.40
2018-12-31 12.73 0.00 1.29
2017-12-31 12.63 4.72 0.28
2016-12-31
  • HireQuest's level of debt (23.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if HireQuest's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (51.5%, greater than 20% of total debt).
  • HireQuest is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess HireQuest's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. HireQuest has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is HireQuest's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from HireQuest dividends.
If you bought $2,000 of HireQuest shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate HireQuest's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate HireQuest's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:HQI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 0.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1962 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as HireQuest has not reported any payouts.
  • Unable to verify if HireQuest's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of HireQuest's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as HireQuest has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess HireQuest's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can HireQuest afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HireQuest has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of HireQuest's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Hermanns
AGE 55
TENURE AS CEO 0.6 years
CEO Bio

Mr. Richard Hermanns has been Chairman, President and Chief Executive Officer of Command Center, Inc. since July 15, 2019. Mr. Hermanns previously served as President and Chief Executive Officer and Director of Hire Quest until July 15, 2019. Mr. Hermanns has nearly thirty years of experience in the temporary staffing industry. He has served as Chief Executive Officer and Secretary of Hire Quest, LLC since the Company’s founding in 2002. He served in the same capacities for predecessor entities since July 1991. He is also Chairman of the Board of Directors and President of Hirequest Insurance Company and has been since its founding in 2010. He has been Chief Executive Officer of Hire Quest Financial, LLC since its founding in 2006. Together with Edward Jackson, Mr. Hermanns owns a majority stake in Bass Underwriters, Inc., a large managing general insurance agent. Prior to founding Hire Quest and its related entities, Mr. Hermanns served as Chief Financial Officer of Outsource International, and as an Assistant Vice President for NCNB National Bank (now Bank of America). Among his charitable pursuits, he founded the Higher Quest Foundation, a non-profit organization dedicated to fighting global hunger in a more sustainable way. Mr. Hermanns obtained his Bachelor of Science degree in Economics and Finance from Barry University, and his Masters of Business Administration in Finance from the University of Southern California. Mr. Hermanns is also active in the charitable realm.

CEO Compensation
  • Insufficient data for Richard to compare compensation growth.
  • Insufficient data for Richard to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the HireQuest management team in years:

0.6
Average Tenure
49
Average Age
  • The average tenure for the HireQuest management team is less than 2 years, this suggests a new team.
Management Team

Richard Hermanns

TITLE
Chairman
AGE
55
TENURE
0.6 yrs

Cory Smith

TITLE
CFO & Treasurer
AGE
43
TENURE
2.6 yrs

Rick Coleman

TITLE
Chief Operating Officer
AGE
63
TENURE
0.6 yrs

John McAnnar

TITLE
VP, General Counsel & Secretary
AGE
36
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the HireQuest board of directors in years:

0.6
Average Tenure
54
Average Age
  • The average tenure for the HireQuest board of directors is less than 3 years, this suggests a new board.
Board of Directors

R. Malhotra

TITLE
Vice Chairman
AGE
44
TENURE
0.6 yrs

Richard Hermanns

TITLE
Chairman
AGE
55
TENURE
0.6 yrs

J. Smith

TITLE
Independent Director
AGE
49
TENURE
7.2 yrs

Larry Hagenbuch

TITLE
Independent Director
AGE
52
TENURE
1.8 yrs

Payne Brown

TITLE
Independent Director
AGE
56
TENURE
0.6 yrs

Kathleen Shanahan

TITLE
Independent Director
AGE
61
TENURE
0.6 yrs

Ed Jackson

TITLE
Independent Director
AGE
54
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by HireQuest individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
23. Dec 19 Buy Nicoya Capital LLC Company 20. Dec 19 23. Dec 19 7,500 $6.70 $49,825
19. Dec 19 Buy Nicoya Capital LLC Company 17. Dec 19 19. Dec 19 11,791 $6.62 $77,961
16. Dec 19 Buy J. Smith Individual 12. Dec 19 12. Dec 19 2,795 $6.99 $19,537
05. Dec 19 Buy Nicoya Capital LLC Company 02. Dec 19 03. Dec 19 9,000 $6.83 $60,270
05. Dec 19 Buy Lawrence Hagenbuch Individual 03. Dec 19 03. Dec 19 2,000 $6.86 $13,720
05. Dec 19 Buy John McAnnar Individual 04. Dec 19 04. Dec 19 2,500 $6.87 $17,175
27. Nov 19 Buy Nicoya Capital LLC Company 26. Nov 19 26. Nov 19 10,000 $6.09 $60,900
26. Nov 19 Buy J. Smith Individual 22. Nov 19 22. Nov 19 6,200 $6.35 $39,370
20. Nov 19 Buy R. Malhotra Individual 18. Nov 19 20. Nov 19 13,400 $6.15 $81,286
X
Management checks
We assess HireQuest's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. HireQuest has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

HireQuest, Inc. provides on-demand and temporary staffing solutions in the United States. The company undertakes short and longer-term temporary work assignments; and recruits and places workers in temp-to-hire positions. It also provides temporary staffing services, including skilled and semi-skilled general labour and industrial personnel, clerical and secretarial personnel, and construction personnel. As of April 9, 2019, the company owned and operated 67 on-demand labour locations or branches across 22 states. It serves small businesses and large corporate enterprises in the manufacturing, warehousing, construction, hospitality, transportation, and retail industries. The company was formerly known as Command Center, Inc. and changed its name to HireQuest, Inc. in September 2019. HireQuest, Inc. was founded in 2002 and is headquartered in Goose Creek, South Carolina.

Details
Name: HireQuest, Inc.
HQI
Exchange: NasdaqCM
Founded: 2002
$89,649,208
13,481,084
Website: http://www.hirequestllc.com
Address: HireQuest, Inc.
111 Springhall Drive,
Goose Creek,
South Carolina, 29445,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM HQI Common Shares Nasdaq Capital Market US USD 17. Jul 2019
Number of employees
Current staff
Staff numbers
38
HireQuest employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 03:04
End of day share price update: 2020/02/19 00:00
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/29
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.