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

by · The Cerbat Gem

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

Robert Half Trading Up 2.8 %

Shares of Robert Half stock opened at $67.57 on Thursday. The company has a 50-day moving average of $64.71 and a two-hundred day moving average of $65.65. Robert Half has a 12-month low of $57.05 and a 12-month high of $88.39. The stock has a market cap of $7.09 billion, a PE ratio of 20.23 and a beta of 1.23.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.14%. The ex-dividend date was Friday, August 23rd. Robert Half’s payout ratio is 63.47%.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction dated 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 transaction, the director now owns 13,342 shares in the company, valued at approximately $841,746.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RHI shares. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barclays lowered their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. Truist Financial lowered their target price 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. BMO Capital Markets dropped 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday. Two equities research 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 has a consensus rating of “Hold” and a consensus target price of $67.71.

View Our Latest Stock Report on Robert Half

About Robert Half

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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.

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