HireRight (NYSE:HRT) Issues FY22 Earnings Guidance

HireRight (NYSE:HRTGet Rating) issued an update on its FY22 earnings guidance on Thursday morning. The company provided EPS guidance of $1.51-1.64 for the period, compared to the consensus EPS estimate of $1.30. The company issued revenue guidance of $815-825 million, compared to the consensus revenue estimate of $813.96 million.HireRight also updated its FY 2022 guidance to $1.51-$1.64 EPS.

HRT stock opened at $14.78 on Friday. HireRight has a 52-week low of $10.66 and a 52-week high of $19.46. The company’s 50-day moving average is $15.44.

HireRight (NYSE:HRTGet Rating) last released its quarterly earnings results on Monday, March 21st. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.23. The company had revenue of $198.53 million for the quarter, compared to analyst estimates of $183.46 million.

Several research firms have commented on HRT. StockNews.com raised shares of HireRight from a sell rating to a hold rating in a research report on Saturday, March 26th. Truist Financial dropped their target price on shares of HireRight from $20.00 to $17.00 in a research report on Tuesday, March 22nd. Barclays lowered their price target on shares of HireRight from $30.00 to $22.00 and set an overweight rating on the stock in a report on Wednesday, March 16th. The Goldman Sachs Group lowered their price target on shares of HireRight from $35.00 to $31.00 and set a buy rating on the stock in a report on Tuesday, March 22nd. Finally, Credit Suisse Group reduced their price objective on shares of HireRight from $26.00 to $21.00 and set an outperform rating for the company in a research note on Tuesday, March 22nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $22.75.

A number of institutional investors and hedge funds have recently made changes to their positions in HRT. Bank of America Corp DE purchased a new position in shares of HireRight during the fourth quarter worth approximately $746,000. Citigroup Inc. purchased a new position in shares of HireRight during the fourth quarter worth approximately $104,000. Rhumbline Advisers purchased a new position in shares of HireRight during the fourth quarter worth approximately $280,000. Charles Schwab Investment Management Inc. purchased a new position in shares of HireRight during the fourth quarter worth approximately $2,495,000. Finally, Renaissance Technologies LLC purchased a new position in shares of HireRight during the fourth quarter worth approximately $174,000.

About HireRight (Get Rating)

HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. The company offers background screening, verification, identification, monitoring, and drug and health screening services for customers. It provides its services through software and data platform that integrates into its customers' human capital management systems enabling workflows for workforce hiring, onboarding, and monitoring.

Further Reading

Earnings History and Estimates for HireRight (NYSE:HRT)

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