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

Robert Half (NYSE:RHI - Get Free Report) announced its earnings results 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 firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The business's revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. Robert Half updated its Q4 2024 guidance to 0.470-0.610 EPS.

Robert Half Stock Up 2.8 %

RHI traded up $1.87 on Wednesday, reaching $67.57. 2,739,398 shares of the company traded hands, compared to its average volume of 1,424,308. The company has a market cap of $7.09 billion, a P/E ratio of 20.23 and a beta of 1.23. Robert Half has a one year low of $57.05 and a one year high of $88.39. The firm has a fifty day simple moving average of $64.71 and a two-hundred day simple moving average of $65.65.

Robert Half Announces Dividend

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. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, August 23rd. Robert Half's payout ratio is presently 63.47%.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction that occurred on Thursday, August 1st. The shares were 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 owns 13,342 shares of the company's stock, valued at approximately $841,746.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RHI. Barclays decreased their price objective on Robert Half from $70.00 to $60.00 and set an "underweight" rating on the stock in a research report on Friday, July 26th. 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. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Friday, July 5th. JPMorgan Chase & Co. reduced their target price 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. Finally, BMO Capital Markets lowered their target price 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 research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average 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.