Robert Half (NYSE:RHI) Issues Quarterly Earnings Results

Robert Half (NYSE:RHI) announced its quarterly earnings results on Tuesday. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02, Briefing.com reports. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 EPS. Robert Half updated its Q4 2024 guidance to 0.470-0.610 EPS.

Robert Half Stock Up 2.8 %

Shares of NYSE:RHI opened at $67.57 on Thursday. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm’s 50 day moving average price is $64.71 and its 200 day moving average price is $65.65. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 20.23 and a beta of 1.23.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.53 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a yield of 3.14%. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Wall Street Analyst Weigh In

A number of research firms have commented on RHI. BMO Capital Markets decreased 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 report on Thursday, July 25th. Barclays dropped their target price 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. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. JPMorgan Chase & Co. lowered their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Truist Financial cut their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.71.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the transaction, the director now owns 13,342 shares of the company’s stock, valued at $841,746.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% 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.