Robert Half (NYSE:RHI) Releases Earnings Results, Beats Expectations By $0.02 EPS

Robert Half (NYSE:RHI) posted its quarterly earnings data on Tuesday. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02, Briefing.com reports. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company earned $0.90 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. Robert Half updated its Q4 2024 guidance to 0.470-0.610 EPS.

Robert Half Price Performance

NYSE RHI opened at $68.75 on Friday. Robert Half has a 1 year low of $57.05 and a 1 year high of $88.39. The company has a market capitalization of $7.21 billion, a PE ratio of 20.58 and a beta of 1.23. The company has a fifty day moving average of $64.86 and a two-hundred day moving average of $65.67.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a yield of 3.08%. Robert Half’s dividend payout ratio is presently 63.47%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RHI. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Barclays cut their price objective on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Truist Financial cut their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets lowered 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, July 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday. Two 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $67.71.

Insider Buying and Selling at Robert Half

In other Robert Half 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 value of $82,017.00. Following the completion of the transaction, the director now owns 13,342 shares in the company, valued at $841,746.78. This represents a 0.00 % decrease in their ownership of the stock. 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 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.