William Blair Lowers Earnings Estimates for Robert Half

Robert Half Inc. (NYSE:RHI) – William Blair decreased their FY2025 EPS estimates for shares of Robert Half in a report issued on Wednesday, October 23rd. William Blair analyst T. Romeo now expects that the business services provider will post earnings of $2.72 per share for the year, down from their prior estimate of $3.12. The consensus estimate for Robert Half’s current full-year earnings is $2.51 per share.

A number of other research analysts have also recently issued reports on the stock. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday. BMO Capital Markets lowered their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Barclays lowered their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. Finally, Truist Financial decreased their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average price target of $67.71.

Robert Half Price Performance

Shares of NYSE RHI opened at $68.75 on Friday. Robert Half has a 1 year low of $57.05 and a 1 year high of $88.39. The stock has a market cap of $7.21 billion, a P/E ratio of 20.58 and a beta of 1.23. The firm has a 50-day moving average of $64.86 and a 200 day moving average of $65.67.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were paid a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.08%. Robert Half’s dividend payout ratio is presently 63.47%.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the sale, the director now directly owns 13,342 shares in the company, valued at $841,746.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

A number of large investors have recently made changes to their positions in the stock. Qsemble Capital Management LP bought a new stake in Robert Half during the first quarter valued at approximately $1,454,000. UniSuper Management Pty Ltd grew its position in Robert Half by 671.3% during the first quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock valued at $978,000 after buying an additional 10,741 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Robert Half by 10.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,356 shares of the business services provider’s stock valued at $9,700,000 after buying an additional 11,124 shares during the period. iA Global Asset Management Inc. grew its position in Robert Half by 167.3% during the first quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider’s stock valued at $1,698,000 after buying an additional 13,404 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Robert Half by 40.5% during the first quarter. BNP Paribas Financial Markets now owns 108,570 shares of the business services provider’s stock valued at $8,607,000 after buying an additional 31,300 shares during the period. 92.41% of the stock is currently owned by institutional investors.

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.