Analyst Kevin Steinke from Barrington maintained a Buy rating on HireQuest and keeping the price target at $13.00.
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Kevin Steinke has given his Buy rating due to a combination of factors that highlight HireQuest’s resilience and potential for future growth. Despite facing challenging market conditions, HireQuest’s Q2/25 results surpassed expectations, with franchise royalty fees and total revenue slightly exceeding estimates. This performance indicates the company’s ability to navigate economic uncertainties effectively.
Additionally, the company has managed to maintain solid profitability, attributed to its robust franchise business model and strategic expense management. The reduction in workers’ compensation costs, aided by a renegotiated insurance policy, further supports the company’s financial health. These factors, combined with the company’s focus on long-term growth through its diverse network of franchised offices, underpin Steinke’s optimistic outlook and Buy rating for HireQuest.
According to TipRanks, Steinke is a 5-star analyst with an average return of 15.5% and a 60.91% success rate. Steinke covers the Industrials sector, focusing on stocks such as Huron Consulting, ACCO Brands, and Heidrick & Struggles.