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 earnings per share (EPS) guidance of 0.470-0.610 for the period, compared to the consensus 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.

Analysts Set New Price Targets

RHI has been the topic of a number of research reports. Barclays dropped their price objective on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock 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 research report on Friday, July 5th. JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. 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 report on Thursday, July 25th. Finally, Truist Financial decreased 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, July 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $67.86.

Robert Half Price Performance

NYSE:RHI traded up $0.14 during mid-day trading on Tuesday, reaching $65.70. The stock had a trading volume of 1,465,410 shares, compared to its average volume of 1,417,847. The stock has a market cap of $6.89 billion, a P/E ratio of 19.63 and a beta of 1.23. The business’s 50 day moving average is $64.46 and its 200 day moving average is $65.70. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39.

Robert Half (NYSE:RHI) last released its quarterly 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 for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 EPS. Equities analysts expect that Robert Half will post 2.51 EPS for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders 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 dividend yield of 3.23%. The ex-dividend date was Friday, August 23rd. Robert Half’s dividend payout ratio is 63.47%.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the sale, the director now directly owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by company 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.