Robert Half (NYSE:RHI) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Robert Half (NYSE:RHI) released its quarterly earnings data on Wednesday. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01), Zacks reports. Robert Half had a net margin of 4.84% and a return on equity of 18.78%.

Robert Half Stock Performance

RHI stock opened at $69.19 on Thursday. The stock has a market capitalization of $7.14 billion, a PE ratio of 25.25 and a beta of 1.24. The company has a fifty day moving average of $71.77 and a 200-day moving average of $67.94. Robert Half has a one year low of $57.05 and a one year high of $83.25.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the transaction, the director now owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RHI shares. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and raised their target price for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, BNP Paribas downgraded shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.33.

Robert Half Company Profile

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.