Robert Half Inc. Announces Quarterly Dividend of $0.53 (NYSE:RHI)

Robert Half Inc. (NYSE:RHI - Get Free Report) announced a quarterly dividend on Wednesday, May 1st, RTT News reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.53 per share by the business services provider on Friday, June 14th. This represents a $2.12 dividend on an annualized basis and a yield of 3.06%.

Robert Half has increased its dividend payment by an average of 12.2% per year over the last three years and has raised its dividend every year for the last 20 years.

Robert Half Stock Performance

Shares of NYSE RHI traded up $0.11 during trading on Wednesday, hitting $69.25. 1,960,650 shares of the company traded hands, compared to its average volume of 1,108,418. The business's fifty day moving average is $76.56 and its 200 day moving average is $79.33. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 2.97 and a beta of 1.26. Robert Half has a fifty-two week low of $64.65 and a fifty-two week high of $88.39.

Robert Half (NYSE:RHI - Get Free Report) last released 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. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The business's revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 earnings per share. On average, analysts predict that Robert Half will post 3.3 EPS for the current year.

Insider Buying and Selling at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the transaction, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

RHI has been the subject of several analyst reports. Robert W. Baird lowered their price objective on Robert Half from $84.00 to $79.00 and set an "outperform" rating for the company in a research note on Friday, April 26th. BMO Capital Markets dropped their price objective on 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 upgraded 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, April 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $68.14.

Robert Half Company Profile

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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