HireRight (NYSE:HRT) Releases FY22 Earnings Guidance

HireRight (NYSE:HRTGet Rating) issued an update on its FY22 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 $1.30. The company issued revenue guidance of $815-825 million, compared to the consensus revenue estimate of $813.96 million.

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

Shares of HRT stock traded down $0.11 during midday trading on Thursday, reaching $14.78. 296,240 shares of the stock were exchanged, compared to its average volume of 300,765. HireRight has a 1 year low of $10.66 and a 1 year high of $19.46. The company has a 50 day simple moving average of $15.44.

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

Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc purchased a new stake in shares of HireRight during the fourth quarter worth about $57,000. Citigroup Inc. bought a new stake in HireRight during the fourth quarter worth approximately $104,000. Metropolitan Life Insurance Co NY acquired a new position in HireRight in the 4th quarter worth approximately $118,000. MetLife Investment Management LLC purchased a new stake in HireRight in the 4th quarter worth approximately $159,000. Finally, Renaissance Technologies LLC acquired a new position in HireRight in the 4th quarter valued at $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.

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Earnings History and Estimates for HireRight (NYSE:HRT)

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