HireRight (NYSE:HRT) Issues FY 2022 Earnings Guidance

HireRight (NYSE:HRTGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.51-$1.64 for the period, compared to the consensus estimate of $1.22. The company issued revenue guidance of $815.00 million-$825.00 million, compared to the consensus revenue estimate of $807.66 million.

Shares of NYSE HRT opened at $15.40 on Thursday. The company has a 50-day moving average of $15.84 and a 200 day moving average of $14.82. HireRight has a 12-month low of $10.66 and a 12-month high of $19.46.

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

Several research firms have issued reports on HRT. StockNews.com upgraded shares of HireRight from a sell rating to a hold rating in a research note on Saturday, March 26th. The Goldman Sachs Group dropped their target price 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. Truist Financial increased their target price on shares of HireRight to $18.00 and gave the company a na rating in a research report on Monday, May 16th. Barclays reduced their price objective on shares of HireRight from $30.00 to $22.00 and set an overweight rating for the company in a research report on Wednesday, March 16th. 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Buy and an average target price of $22.88.

In other HireRight news, Director Mark F. Dzialga purchased 6,805 shares of the company’s stock in a transaction on Monday, June 6th. The shares were purchased at an average cost of $15.44 per share, with a total value of $105,069.20. Following the completion of the purchase, the director now owns 31,914 shares in the company, valued at $492,752.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stone Point Capital Llc bought 130,531 shares of the stock in a transaction dated Wednesday, May 25th. The shares were purchased at an average cost of $13.89 per share, for a total transaction of $1,813,075.59. Following the completion of the transaction, the director now directly owns 10,805,811 shares of the company’s stock, valued at $150,092,714.79. The disclosure for this purchase can be found here. Insiders have bought 219,460 shares of company stock valued at $3,119,804 in the last three months.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of HireRight by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 1,124,494 shares of the company’s stock valued at $19,229,000 after acquiring an additional 22,719 shares in the last quarter. BlackRock Inc. grew its position in shares of HireRight by 2.4% in the 1st quarter. BlackRock Inc. now owns 1,006,910 shares of the company’s stock worth $17,218,000 after buying an additional 23,943 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of HireRight in the 4th quarter worth approximately $5,770,000. State Street Corp boosted its position in shares of HireRight by 44.5% during the first quarter. State Street Corp now owns 358,220 shares of the company’s stock valued at $6,126,000 after purchasing an additional 110,286 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in shares of HireRight by 234.9% during the first quarter. Blair William & Co. IL now owns 347,435 shares of the company’s stock valued at $5,941,000 after purchasing an additional 243,690 shares in the last quarter.

HireRight Company Profile (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.

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Earnings History and Estimates for HireRight (NYSE:HRT)

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