Zacks Research Lowers Earnings Estimates for Robert Half

Robert Half Inc. (NYSE:RHI - Free Report) - Equities researchers at Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of Robert Half in a report released on Monday, November 11th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings of $2.43 per share for the year, down from their previous forecast of $2.52. The consensus estimate for Robert Half's current full-year earnings is $2.46 per share. Zacks Research also issued estimates for Robert Half's Q4 2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $2.76 EPS, Q1 2026 earnings at $0.83 EPS, Q2 2026 earnings at $1.02 EPS, Q3 2026 earnings at $1.05 EPS and FY2026 earnings at $3.93 EPS.

Robert Half (NYSE:RHI - Get Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. 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 earned $0.90 EPS.

A number of other research analysts also recently commented on the stock. BMO Capital Markets dropped their price objective 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. cut their price target on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. 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. Finally, Barclays decreased their price objective on shares of Robert Half from $70.00 to $60.00 and set an "underweight" rating for the company in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $69.00.

Robert Half Stock Up 0.2 %

Shares of RHI stock traded up $0.12 during mid-day trading on Tuesday, hitting $76.37. 76,841 shares of the company's stock were exchanged, compared to its average volume of 1,397,362. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 27.83 and a beta of 1.23. The stock has a 50-day simple moving average of $66.87 and a two-hundred day simple moving average of $65.52. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be given a $0.53 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.78%. Robert Half's dividend payout ratio is presently 77.37%.

Institutional Investors Weigh In On Robert Half

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider's stock worth $46,000 after buying an additional 179 shares in the last quarter. BOKF NA raised its position in Robert Half by 2.1% in the first quarter. BOKF NA now owns 10,383 shares of the business services provider's stock worth $812,000 after acquiring an additional 216 shares in the last quarter. Isthmus Partners LLC raised its holdings in shares of Robert Half by 3.3% in the 2nd quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider's stock worth $453,000 after purchasing an additional 229 shares in the last quarter. Wahed Invest LLC increased its holdings in shares of Robert Half by 13.7% in the first quarter. Wahed Invest LLC now owns 1,998 shares of the business services provider's stock valued at $158,000 after buying an additional 240 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Robert Half by 0.4% during the 1st quarter. Toronto Dominion Bank now owns 60,014 shares of the business services provider's stock worth $4,758,000 after acquiring an additional 266 shares in the last quarter. Institutional investors and hedge funds own 92.41% 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.