William Blair Comments on Robert Half Inc.’s Q3 2024 Earnings (NYSE:RHI)

Robert Half Inc. (NYSE:RHI) – Investment analysts at William Blair lowered their Q3 2024 earnings per share (EPS) estimates for Robert Half in a research report issued to clients and investors on Thursday, July 25th. William Blair analyst T. Romeo now anticipates that the business services provider will earn $0.67 per share for the quarter, down from their prior estimate of $0.74. The consensus estimate for Robert Half’s current full-year earnings is $2.92 per share. William Blair also issued estimates for Robert Half’s Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $2.55 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.73 EPS, Q3 2025 earnings at $0.92 EPS and Q4 2025 earnings at $0.92 EPS.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). Robert Half had a net margin of 5.26% and a return on equity of 20.14%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company earned $1.00 EPS. Robert Half’s revenue was down 10.2% compared to the same quarter last year.

RHI has been the subject of several other research reports. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a report on Monday, April 22nd. JPMorgan Chase & Co. cut their target price on Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday. Robert W. Baird cut their target price on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Tuesday, June 11th. Finally, StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Robert Half has a consensus rating of “Hold” and an average target price of $66.88.

Robert Half Stock Performance

NYSE:RHI opened at $59.91 on Friday. Robert Half has a one year low of $57.05 and a one year high of $88.39. The stock has a market cap of $6.29 billion, a PE ratio of 17.94, a P/E/G ratio of 5.39 and a beta of 1.25. The stock has a 50 day moving average price of $64.80 and a 200 day moving average price of $72.93.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, May 23rd. Robert Half’s dividend payout ratio is presently 63.47%.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the transaction, the director now owns 10,713 shares in the company, valued at approximately $746,267.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Robert Half

A number of institutional investors and hedge funds have recently modified their holdings of the company. Capital World Investors grew its holdings in shares of Robert Half by 6.7% in the 4th quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after acquiring an additional 917,311 shares during the period. Vanguard Group Inc. grew its holdings in Robert Half by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider’s stock valued at $1,014,410,000 after buying an additional 366,978 shares during the last quarter. Boston Partners grew its holdings in Robert Half by 14.7% during the 1st quarter. Boston Partners now owns 3,749,749 shares of the business services provider’s stock valued at $296,963,000 after buying an additional 479,384 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in Robert Half by 105.4% during the 1st quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock valued at $289,818,000 after buying an additional 1,875,476 shares during the last quarter. Finally, Fiduciary Management Inc. WI grew its holdings in Robert Half by 3.4% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock valued at $170,921,000 after buying an additional 64,114 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Company Profile

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.