Robert Half (NYSE:RHI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Robert Half (NYSE:RHI - Get Free Report) released its earnings results on Thursday. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.01, Briefing.com reports. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business posted $1.14 earnings per share. The business's revenue for the quarter was down 14.0% on a year-over-year basis.

Robert Half Stock Down 1.8 %

RHI stock traded down $1.25 during trading 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 has a market capitalization of $7.29 billion, a P/E ratio of 17.92, a PEG ratio of 17.82 and a beta of 1.26. The business has a fifty day simple moving average of $77.22 and a two-hundred day simple moving average of $79.44. Robert Half has a 1 year low of $64.65 and a 1 year high of $88.39.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.06%. This is a positive change 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 (DPR) is presently 54.78%.

Insider Activity at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of Robert Half 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RHI. Truist Financial raised Robert Half from a "sell" rating to a "hold" rating and set a $72.00 target price for the company in a research report on Monday. BMO Capital Markets decreased their target price on 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. Finally, Robert W. Baird reduced their price target on Robert Half from $84.00 to $79.00 and set an "outperform" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.