Robert Half Inc. (NYSE:RHI) Stock Has Average Price Target of $40.75

Key Points

• Analyst sentiment is mixed: Ten brokerages rate Robert Half “Hold” on average—three sell, four hold and three buy—with an average 12-month price target of $40.75.
• Quarterly earnings topped estimates: Robert Half reported EPS of $0.49 versus the $0.47 consensus, while revenue of $1.36 billion matched expectations and rose 0.4% year over year.
• The company declared a quarterly dividend of $0.59 per share, equivalent to $2.36 annually and a stated yield of 5.6%; its payout ratio is 195.04%.

Robert Half Inc. (NYSE:RHI - Get Free Report) has received an average rating of "Hold" from the ten brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $40.75.

Several research analysts have commented on RHI shares. Truist Financial lifted their price target on Robert Half from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Robert W. Baird set a $53.00 price objective on Robert Half in a report on Friday, October 23rd. The Goldman Sachs Group raised their target price on shares of Robert Half from $29.00 to $33.00 and gave the stock a "sell" rating in a research report on Friday, October 23rd. BMO Capital Markets lifted their target price on shares of Robert Half from $47.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, October 26th. Finally, Barclays lifted their target price on shares of Robert Half from $25.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, October 26th.

Institutional Investors Weigh In On Robert Half

Several hedge funds have recently made changes to their positions in RHI. Provenance Wealth Advisors LLC purchased a new stake in Robert Half during the 3rd quarter valued at approximately $31,000. Elevation Wealth Partners LLC lifted its position in Robert Half by 605.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider's stock worth $35,000 after acquiring an additional 975 shares during the period. Reyes Financial Architecture Inc. acquired a new stake in Robert Half during the 3rd quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Robert Half during the 2nd quarter worth approximately $39,000. Finally, Quantbot Technologies LP purchased a new position in shares of Robert Half in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Price Performance

Shares of RHI opened at $42.05 on Friday. The firm has a fifty day moving average price of $38.49 and a 200 day moving average price of $32.97. The stock has a market cap of $4.30 billion, a PE ratio of 34.75 and a beta of 0.76. Robert Half has a 1-year low of $21.83 and a 1-year high of $47.14.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Thursday, October 22nd. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. Robert Half had a return on equity of 9.89% and a net margin of 2.30%. The business's quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. As a group, equities analysts expect that Robert Half will post 1.29 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 25th will be paid a $0.59 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.6%. Robert Half's payout ratio is currently 195.04%.

Robert Half Company Profile

Robert Half, Inc. is a global talent solutions company that provides staffing and recruitment services to businesses and job seekers. It places professionals in temporary, project-based and permanent roles, with expertise in fields including finance and accounting, technology, marketing and creative, legal, and administrative support. The company also provides business and technology consulting through Protiviti, its consulting subsidiary. Protiviti advises organizations on areas such as risk management, internal audit, compliance, cybersecurity, technology and business performance.

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