Robert Half Inc. (NYSE:RHI – Free Report) – Equities researchers at William Blair lowered their FY2024 EPS estimates for Robert Half in a research note issued to investors on Wednesday, October 23rd. William Blair analyst T. Romeo now expects that the business services provider will earn $2.46 per share for the year, down from their previous estimate of $2.55. The consensus estimate for Robert Half’s current full-year earnings is $2.51 per share. William Blair also issued estimates for Robert Half’s Q4 2024 earnings at $0.55 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.80 EPS and FY2026 earnings at $3.89 EPS.
Other research analysts have also issued reports about the stock. Barclays decreased their target price 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. Truist Financial lowered their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday. BMO Capital Markets lowered their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Finally, StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $67.71.
Robert Half Stock Performance
NYSE RHI opened at $68.75 on Thursday. The business has a fifty day moving average price of $64.86 and a 200 day moving average price of $65.67. The company 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 one year low of $57.05 and a one year high of $88.39.
Robert Half (NYSE:RHI – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company earned $0.90 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year.
Institutional Trading of Robert Half
Institutional investors and hedge funds have recently made changes to their positions in the stock. Fidelis Capital Partners LLC acquired a new position in Robert Half in the 1st quarter valued at $26,000. Blue Trust Inc. grew its position in shares of Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares during the period. V Square Quantitative Management LLC acquired a new position in Robert Half in the third quarter valued at $27,000. Versant Capital Management Inc purchased a new position in Robert Half during the second quarter worth about $35,000. Finally, GAMMA Investing LLC boosted its stake in Robert Half by 35.6% in the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after buying an additional 179 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s 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 sale, the director now owns 13,342 shares in the company, valued at $841,746.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by company insiders.
Robert Half Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were issued 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 dividend payout ratio is presently 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.
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