Robert Half (NYSE:RHI) Posts Earnings Results, Beats Estimates By $0.01 EPS

Robert Half (NYSE:RHI) issued its quarterly earnings data on Thursday. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01, Briefing.com reports. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a return on equity of 22.08% and a net margin of 5.74%. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 EPS.

Robert Half Price Performance

Robert Half stock opened at $69.35 on Friday. The company has a market capitalization of $7.29 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 17.55 and a beta of 1.26. Robert Half has a one year low of $64.65 and a one year high of $88.39. The business has a 50 day simple moving average of $76.99 and a 200 day simple moving average of $79.39.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, February 22nd. This is an increase from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a report on Monday, April 22nd. BMO Capital Markets lowered their target price on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. Finally, Robert W. Baird lowered their target price on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $68.14.

Insider Buying and Selling

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the transaction, the executive vice president now owns 186,062 shares in the company, valued at approximately $14,970,548.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is owned by corporate insiders.

About Robert Half

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.