HireQuest, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Kevin Steinke from Barrington maintained a Buy rating on the stock and has a $13.00 price target.
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Kevin Steinke has given his Buy rating due to a combination of factors that indicate potential for future growth and stability in HireQuest’s operations. Despite facing a challenging market environment, HireQuest’s Q3/25 results surpassed expectations, with franchise royalty fees and total revenue both exceeding estimates. This performance suggests resilience and effective management amidst economic uncertainties.
Additionally, there are signs of demand stabilization, particularly within the company’s HQ Direct daily labor offering and Snelling commercial staffing brand, which showed sequential sales growth. Although the executive search and permanent placement segment experienced a significant decline, recent trends indicate a potential bottoming out of the market. Furthermore, HireQuest’s adjusted EBITDA was better than anticipated, and the company has managed to maintain stable SG&A expenses, positioning it well for operating leverage when revenue growth resumes.