Research Analysts Set Expectations for Robert Half Inc.'s Q4 2024 Earnings (NYSE:RHI)

Robert Half Inc. (NYSE:RHI - Free Report) - Equities researchers at Zacks Research increased their Q4 2024 earnings estimates for shares of Robert Half in a research note issued on Wednesday, April 24th. Zacks Research analyst R. Department now anticipates that the business services provider will earn $1.06 per share for the quarter, up from their prior forecast of $1.00. The consensus estimate for Robert Half's current full-year earnings is $3.34 per share. Zacks Research also issued estimates for Robert Half's Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $1.05 EPS, FY2025 earnings at $3.67 EPS and Q1 2026 earnings at $0.74 EPS.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm earned $1.37 earnings per share. The company's quarterly revenue was down 14.7% on a year-over-year basis.

A number of other equities research analysts have also recently commented on RHI. BMO Capital Markets decreased their target price on shares of Robert Half from $85.00 to $80.00 and set a "market perform" rating for the company in a research report on Wednesday, January 31st. Truist Financial raised shares of Robert Half from a "sell" rating to a "hold" rating and set a $72.00 price target for the company in a report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $68.57.

Robert Half Stock Performance

NYSE:RHI traded down $0.90 during midday trading on Thursday, reaching $70.60. 1,330,984 shares of the stock traded hands, compared to its average volume of 1,046,982. Robert Half has a 12-month low of $64.65 and a 12-month high of $88.39. The business has a 50-day moving average of $77.46 and a two-hundred day moving average of $79.50. The stock has a market capitalization of $7.42 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 17.83 and a beta of 1.26.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.53 dividend. This is an increase from Robert Half's previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, February 22nd. Robert Half's dividend payout ratio (DPR) is currently 54.78%.

Insider Transactions at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the firm's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the transaction, the executive vice president now directly owns 186,062 shares of the company's stock, valued at $14,970,548.52. 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.

Institutional Investors Weigh In On Robert Half

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital World Investors grew its holdings in shares of Robert Half by 6.7% in the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider's stock valued at $1,281,429,000 after purchasing an additional 917,311 shares in the last quarter. Boston Partners grew its holdings in shares of Robert Half by 36.5% in the fourth quarter. Boston Partners now owns 3,270,365 shares of the business services provider's stock valued at $287,265,000 after purchasing an additional 874,620 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Robert Half by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,634,682 shares of the business services provider's stock valued at $193,069,000 after purchasing an additional 57,130 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of Robert Half by 3.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider's stock valued at $170,921,000 after purchasing an additional 64,114 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Robert Half by 10.1% in the third quarter. Northern Trust Corp now owns 1,792,144 shares of the business services provider's stock valued at $131,328,000 after purchasing an additional 164,517 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.