William Blair Lowers Earnings Estimates for Robert Half

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

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion during 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 was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share.

RHI has been the subject of a number of other reports. StockNews.com lowered 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 target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday. Barclays lowered their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. Truist Financial lowered their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Finally, 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 report on Thursday, July 25th. 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. According to MarketBeat.com, Robert Half has a consensus rating of “Hold” and a consensus price target of $67.71.

Robert Half Price Performance

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

Institutional Investors Weigh In On Robert Half

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Robert Half by 3.0% in 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 acquiring an additional 366,978 shares during the period. Boston Partners raised its stake in shares of Robert Half by 14.7% in the first quarter. Boston Partners now owns 3,749,749 shares of the business services provider’s stock valued at $296,963,000 after acquiring an additional 479,384 shares during the period. Mawer Investment Management Ltd. raised its stake in shares of Robert Half by 105.4% in the first quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock valued at $289,818,000 after acquiring an additional 1,875,476 shares during the period. 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 valued at $104,218,000 after acquiring an additional 575,879 shares during the period. 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 valued at $99,439,000 after acquiring an additional 786,031 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by insiders.

Robert Half Dividend Announcement

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