Robert Half (NYSE:RHI) Releases Q4 2024 Earnings Guidance

Robert Half (NYSE:RHI) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.470-0.610 for the period, compared to the consensus EPS estimate of 0.690. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.5 billion.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RHI. Truist Financial dropped their price target on Robert Half from $72.00 to $62.00 and set a “hold” 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. Barclays decreased their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Finally, BMO Capital Markets dropped their price target on 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $67.86.

Robert Half Price Performance

Shares of RHI traded up $0.14 during mid-day trading on Tuesday, reaching $65.70. 1,459,489 shares of the company’s stock traded hands, compared to its average volume of 1,417,818. Robert Half has a 12 month low of $57.05 and a 12 month high of $88.39. The stock has a market cap of $6.89 billion, a P/E ratio of 19.63 and a beta of 1.23. The stock’s 50-day moving average is $64.46 and its two-hundred day moving average is $65.70.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. Research analysts predict that Robert Half will post 2.51 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 yield of 3.23%. Robert Half’s dividend payout ratio is currently 63.47%.

Insider Activity

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

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.