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

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

Robert Half Price Performance

Shares of Robert Half stock opened at $68.75 on Friday. The stock has a market cap of $7.21 billion, a P/E ratio of 20.58 and a beta of 1.23. The stock’s 50 day simple moving average is $64.86 and its 200-day simple moving average is $65.67. Robert Half has a 1-year low of $57.05 and a 1-year high of $88.39.

Robert Half Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Friday, August 23rd. Robert Half’s payout ratio is 63.47%.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the sale, the director now owns 13,342 shares of the company’s stock, valued at $841,746.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RHI shares. BMO Capital Markets reduced their price target on shares of 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 lowered shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Barclays lowered their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Truist Financial lowered their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.