Robert Half Inc. (RHI) To Go Ex-Dividend on February 25th

Robert Half Inc. (NYSE:RHI) declared a quarterly dividend on Wednesday, February 12th, RTT News reports. Investors of record on Tuesday, February 25th will be paid a dividend of 0.59 per share by the business services provider on Friday, March 14th. This represents a $2.36 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53.

Robert Half has increased its dividend payment by an average of 11.7% per year over the last three years and has raised its dividend every year for the last 22 years. Robert Half has a payout ratio of 64.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Robert Half to earn $3.57 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 66.1%.

Robert Half Price Performance

Shares of RHI opened at $60.00 on Friday. The firm has a 50-day moving average of $67.04 and a 200-day moving average of $67.55. The company has a market cap of $6.13 billion, a PE ratio of 24.59 and a beta of 1.23. Robert Half has a one year low of $57.05 and a one year high of $83.25.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Analysts expect that Robert Half will post 2.48 earnings per share for the current year.

Insider Buying and Selling at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research report on Monday, February 10th. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. reduced their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and an average target price of $74.92.

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.