Robert Half FY2024 EPS Estimate Decreased by William Blair

Robert Half Inc. (NYSE:RHI) – Stock analysts at William Blair reduced their FY2024 earnings estimates for Robert Half in a research note issued on Wednesday, October 23rd. William Blair analyst T. Romeo now expects that the business services provider will post earnings per share of $2.46 for the year, down from their previous estimate of $2.55. The consensus estimate for Robert Half’s current full-year earnings is $2.51 per share. William Blair also issued estimates for Robert Half’s Q4 2024 earnings at $0.55 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.80 EPS and FY2026 earnings at $3.89 EPS.

Several other equities research analysts have also recently weighed in on RHI. JPMorgan Chase & Co. dropped their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday. Barclays dropped their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. BMO Capital Markets cut 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, Truist Financial decreased their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and a consensus price target of $67.71.

Robert Half Price Performance

NYSE RHI opened at $67.57 on Thursday. Robert Half has a 1 year low of $57.05 and a 1 year high of $88.39. The stock has a market capitalization of $7.09 billion, a PE ratio of 20.23 and a beta of 1.23. The business’s 50-day moving average is $64.71 and its 200 day moving average is $65.65.

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

Institutional Trading of Robert Half

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Robert Half by 3.0% during the first 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 boosted its stake 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 purchasing an additional 479,384 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of Robert Half by 105.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock worth $289,818,000 after purchasing an additional 1,875,476 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Robert Half by 54.7% in the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock worth $104,218,000 after purchasing an additional 575,879 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Robert Half by 101.0% in the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock worth $99,439,000 after purchasing an additional 786,031 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the transaction, the director now directly owns 13,342 shares in the company, valued at $841,746.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Robert Half Announces Dividend

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

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.