Robert Half Inc. (NYSE:RHI) Forecasted to Earn Q4 2024 Earnings of $1.06 Per Share

Robert Half Inc. (NYSE:RHI) – Investment analysts at Zacks Research upped their Q4 2024 earnings per share (EPS) estimates for shares of Robert Half in a report released on Wednesday, April 24th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $1.06 per share for the quarter, up from their prior forecast of $1.00. The consensus estimate for Robert Half’s current full-year earnings is $3.34 per share. Zacks Research also issued estimates for Robert Half’s Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $1.05 EPS, FY2025 earnings at $3.67 EPS and Q1 2026 earnings at $0.74 EPS.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The firm’s quarterly revenue was down 14.7% on a year-over-year basis.

RHI has been the subject of a number of other research reports. BMO Capital Markets reduced their price objective on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.57.

Robert Half Stock Performance

Shares of RHI opened at $70.60 on Thursday. The company has a 50 day moving average price of $77.46 and a 200-day moving average price of $79.50. Robert Half has a fifty-two week low of $64.65 and a fifty-two week high of $88.39. The stock has a market capitalization of $7.42 billion, a PE ratio of 18.24, a PEG ratio of 17.83 and a beta of 1.26.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a $0.53 dividend. This is a boost from Robert Half’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.00%. Robert Half’s dividend payout ratio (DPR) is presently 54.78%.

Insider Buying and Selling

In related news, EVP Robert W. Glass sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the transaction, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by company insiders.

Institutional Trading of Robert Half

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. purchased a new position in shares of Robert Half during the third quarter worth $106,840,000. Capital World Investors grew its position in Robert Half by 6.7% during the 4th quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after purchasing an additional 917,311 shares during the period. Boston Partners raised its stake in shares of Robert Half by 61.5% during the 3rd quarter. Boston Partners now owns 2,395,745 shares of the business services provider’s stock valued at $175,400,000 after buying an additional 911,969 shares during the last quarter. Norges Bank acquired a new position in shares of Robert Half in the 4th quarter valued at about $73,311,000. Finally, Pzena Investment Management LLC purchased a new stake in shares of Robert Half in the fourth quarter worth about $26,419,000. Institutional investors and hedge funds own 92.41% 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.