Robert Half (NYSE:RHI) Posts Earnings Results, Misses Estimates By $0.05 EPS

Robert Half (NYSE:RHI) released its quarterly earnings results on Wednesday. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05), Briefing.com reports. 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 the consensus estimate of $1.49 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis.

Robert Half Stock Up 4.0 %

NYSE:RHI traded up $2.39 during mid-day trading on Friday, hitting $62.31. 2,117,257 shares of the stock traded hands, compared to its average volume of 1,274,214. The business’s 50-day moving average price is $64.40 and its 200 day moving average price is $72.69. The company has a market cap of $6.54 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 5.04 and a beta of 1.25. Robert Half has a 12-month low of $57.05 and a 12-month high of $88.39.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were paid a dividend of $0.53 per share. The ex-dividend date was Thursday, May 23rd. This represents a $2.12 annualized dividend and a yield of 3.40%. Robert Half’s dividend payout ratio is currently 63.47%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RHI. Truist Financial dropped their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday. Barclays reduced their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Tuesday, June 11th. Finally, BMO Capital Markets reduced their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $66.00.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the transaction, the director now owns 10,713 shares of the company’s stock, valued at $746,267.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

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.