Robert Half (NYSE:RHI) Shares Gap Up After Better-Than-Expected Earnings

Robert Half Inc. (NYSE:RHIGet Free Report) gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $27.09, but opened at $32.96. Robert Half shares last traded at $32.7110, with a volume of 718,874 shares trading hands.

The business services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robert Half had a net margin of 2.47% and a return on equity of 10.20%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share.

More Robert Half News

Here are the key news stories impacting Robert Half this week:

Wall Street Analyst Weigh In

RHI has been the subject of a number of research analyst reports. Truist Financial set a $40.00 price target on Robert Half in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird set a $50.00 price target on shares of Robert Half in a research report on Friday. Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. Finally, Barclays cut their price objective on Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $33.00.

View Our Latest Research Report on Robert Half

Hedge Funds Weigh In On Robert Half

Several large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Robert Half during the 2nd quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Robert Half by 927.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock worth $35,000 after acquiring an additional 770 shares during the last quarter. Danske Bank A S bought a new position in shares of Robert Half during the third quarter valued at $37,000. Hantz Financial Services Inc. raised its position in shares of Robert Half by 952.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock worth $38,000 after purchasing an additional 1,000 shares during the last quarter. Finally, True Wealth Design LLC raised its position in shares of Robert Half by 393.8% in the 2nd quarter. True Wealth Design LLC now owns 963 shares of the business services provider’s stock worth $40,000 after purchasing an additional 768 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Trading Up 27.5%

The stock’s 50 day moving average is $27.81 and its 200-day moving average is $31.68. The company has a market cap of $3.50 billion, a P/E ratio of 25.97 and a beta of 0.85.

About Robert Half

(Get Free Report)

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.

Further Reading

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