Robert Half Inc. (NYSE:RHI - Free Report) - Analysts at William Blair dropped their FY2024 earnings per share estimates for shares of Robert Half in a research note issued to investors on Wednesday, October 23rd. William Blair analyst T. Romeo now anticipates that the business services provider will post earnings of $2.46 per share for the year, down from their previous estimate of $2.55. The consensus estimate for Robert Half's current full-year earnings is $2.51 per share. William Blair also issued estimates for Robert Half's Q4 2024 earnings at $0.55 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.80 EPS and FY2026 earnings at $3.89 EPS.
Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a report on Wednesday. Truist Financial dropped their price target on shares of Robert Half from $72.00 to $62.00 and set a "hold" rating for the company in a research note on Friday, July 26th. Barclays lowered their price objective 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. StockNews.com cut Robert Half from a "buy" rating to a "hold" rating in a report on Friday, July 5th. Finally, BMO Capital Markets lowered 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 report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $67.71.
Check Out Our Latest Report on RHI
Robert Half Price Performance
NYSE RHI traded up $1.18 on Thursday, reaching $68.75. The stock had a trading volume of 1,263,598 shares, compared to its average volume of 1,423,528. The company has a market cap of $7.21 billion, a P/E ratio of 20.38 and a beta of 1.23. The firm has a fifty day moving average of $64.71 and a two-hundred day moving average of $65.65. Robert Half has a 1-year low of $57.05 and a 1-year high of $88.39.
Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $1.47 billion during 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 business's revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 earnings per share.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock valued at $25,000 after purchasing an additional 323 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Robert Half in the 1st quarter worth about $26,000. V Square Quantitative Management LLC bought a new stake in Robert Half in the 3rd quarter valued at about $27,000. Versant Capital Management Inc purchased a new stake in Robert Half during the second quarter valued at about $35,000. Finally, Family Firm Inc. bought a new position in Robert Half during the second quarter worth about $45,000. 92.41% of the stock is owned by institutional investors.
Insider Activity at Robert Half
In other news, Director Dirk A. Kempthorne sold 1,300 shares of the firm's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.
Robert Half Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were paid a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.08%. Robert Half's dividend payout ratio is currently 63.47%.
Robert Half Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Robert Half, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robert Half wasn't on the list.
While Robert Half currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
