Robert Half (NYSE:RHI) Issues Earnings Results

Robert Half (NYSE:RHI) issued its quarterly earnings data on Tuesday. The business services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02, Briefing.com reports. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. Robert Half updated its Q4 2024 guidance to 0.470-0.610 EPS.

Robert Half Stock Performance

Shares of RHI opened at $67.57 on Thursday. The stock has a market capitalization of $7.09 billion, a P/E ratio of 20.23 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’s fifty day moving average is $64.71 and its two-hundred day moving average is $65.65.

Robert Half Announces Dividend

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

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the transaction, 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.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RHI. JPMorgan Chase & Co. reduced 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. Truist Financial reduced their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. BMO Capital Markets dropped their price target on 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. Barclays reduced their price objective 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. Finally, StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Two investment 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, the company currently has an average rating of “Hold” and an average price target of $67.71.

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.