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

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

Robert Half Stock Performance

Shares of Robert Half stock traded down $1.14 during trading on Wednesday, reaching $69.19. 2,003,928 shares of the company’s stock were exchanged, compared to its average volume of 988,802. Robert Half has a 1-year low of $57.05 and a 1-year high of $83.25. The company has a market cap of $7.14 billion, a P/E ratio of 25.25 and a beta of 1.24. The firm’s 50-day moving average price is $71.84 and its 200 day moving average price is $67.93.

Analysts Set New Price Targets

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

Insider Buying and Selling at Robert Half

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

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.