Robert Half Inc. (NYSE:RHI - Free Report) - Analysts at Zacks Research raised their Q2 2024 earnings per share (EPS) estimates for Robert Half in a research note issued to investors on Wednesday, April 24th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings per share of $0.79 for the quarter, up from their prior estimate of $0.78. 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 Q3 2024 earnings at $0.88 EPS, FY2024 earnings at $3.33 EPS, Q1 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.91 EPS and FY2026 earnings at $3.93 EPS.
Several other equities analysts have also weighed in on RHI. Robert W. Baird cut their target price on Robert Half from $84.00 to $79.00 and set an "outperform" rating on the stock in a research note on Friday. BMO Capital Markets reduced their price objective on shares of Robert Half from $85.00 to $80.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 31st. Finally, Truist Financial raised shares of Robert Half from a "sell" rating to a "hold" rating and set a $72.00 target price for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $68.14.
Check Out Our Latest Report on RHI
Robert Half Price Performance
Shares of Robert Half stock traded down $1.25 on Friday, hitting $69.35. 2,130,676 shares of the company's stock traded hands, compared to its average volume of 1,060,371. The firm's 50-day moving average price is $77.22 and its two-hundred day moving average price is $79.44. The stock has a market capitalization of $7.29 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 17.82 and a beta of 1.26. Robert Half has a one year low of $64.65 and a one year high of $88.39.
Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the previous year, the business posted $1.14 EPS. The company's quarterly revenue was down 14.0% compared to the same quarter last year.
Robert Half Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.06%. This is a boost from Robert Half's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 22nd. Robert Half's dividend payout ratio is presently 54.78%.
Insiders Place Their Bets
In related news, EVP Robert W. Glass sold 7,500 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the sale, the executive vice president now directly owns 186,062 shares of the company's stock, valued at approximately $14,970,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.00% of the company's stock.
Institutional Investors Weigh In On Robert Half
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC grew its stake in shares of Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider's stock valued at $37,000 after buying an additional 149 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Robert Half in the 4th quarter valued at about $46,000. Larson Financial Group LLC bought a new position in shares of Robert Half in the 3rd quarter valued at about $39,000. CoreFirst Bank & Trust increased its stake in shares of Robert Half by 440.0% during the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider's stock worth $40,000 after purchasing an additional 440 shares during the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Robert Half in the 3rd quarter valued at about $43,000. 92.41% of the stock is owned by institutional investors.
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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