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, beating analysts’ consensus estimates of $0.62 by $0.02, Briefing.com reports. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 earnings per share. Robert Half updated its Q4 2024 guidance to 0.470-0.610 EPS.

Robert Half Trading Up 2.8 %

RHI stock opened at $67.57 on Thursday. The stock has a 50-day moving average price of $64.71 and a two-hundred day moving average price of $65.65. The company has a market cap of $7.09 billion, a PE ratio of 20.23 and a beta of 1.23. 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 announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Friday, August 23rd. Robert Half’s payout ratio is currently 63.47%.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was 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 owns 13,342 shares in the company, valued at approximately $841,746.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on RHI shares. 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. JPMorgan Chase & Co. lowered their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday. Truist Financial dropped their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Barclays decreased their price target 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. Finally, StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Robert Half currently has a consensus rating of “Hold” and an average target price of $67.71.

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.