Robert Half (NYSE:RHI) Releases Q4 2024 Earnings Guidance

Robert Half (NYSE:RHI) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.470-0.610 for the period, compared to the consensus estimate of 0.690. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.5 billion.

Robert Half Stock Performance

RHI stock traded up $2.85 during mid-day trading on Wednesday, hitting $68.55. The company had a trading volume of 741,499 shares, compared to its average volume of 1,414,550. The firm has a market cap of $7.19 billion, a PE ratio of 18.86 and a beta of 1.23. Robert Half has a 12 month low of $57.05 and a 12 month high of $88.39. The stock’s fifty day moving average price is $64.56 and its two-hundred day moving average price is $65.64.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $0.90 EPS. Robert Half’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities analysts anticipate that Robert Half will post 2.51 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were given a dividend of $0.53 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.09%. Robert Half’s dividend payout ratio is presently 63.47%.

Analyst Upgrades and Downgrades

Several research analysts have commented on RHI shares. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Truist Financial cut their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. BMO Capital Markets lowered their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. Finally, Barclays cut their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $67.86.

Insider Activity at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the transaction, the director now directly owns 13,342 shares in the company, valued at approximately $841,746.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by insiders.

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.