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

Robert Half (NYSE:RHI) posted its earnings results on Tuesday. The business services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02, 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 $1.44 billion. During the same period last year, the firm posted $0.90 EPS. 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 Trading Up 1.7 %

Shares of NYSE:RHI traded up $1.18 on Thursday, hitting $68.75. The company had a trading volume of 1,263,460 shares, compared to its average volume of 1,423,528. The company has a market cap of $7.21 billion, a PE ratio of 20.58 and a beta of 1.23. Robert Half has a 52-week low of $57.05 and a 52-week high of $88.39. The business has a 50 day moving average of $64.86 and a 200 day moving average of $65.67.

Robert Half Dividend Announcement

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

Insider Buying and Selling

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets decreased their target price on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. JPMorgan Chase & Co. decreased 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. Barclays decreased their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. Finally, Truist Financial lowered their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and a consensus price target 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.