Robert Half (RHI) to Release Quarterly Earnings on Thursday

Robert Half (NYSE:RHI - Get Free Report) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Robert Half has set its Q1 2024 guidance at 0.540-0.680 EPS and its Q1 guidance at $0.54-0.68 EPS.Investors that wish to listen to the company's conference call can do so using this link.

Robert Half (NYSE:RHI - Get Free Report) last released its earnings results on Tuesday, January 30th. The business services provider reported $0.83 EPS for the quarter, topping 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 business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm earned $1.37 EPS. The business's revenue for the quarter was down 14.7% on a year-over-year basis. On average, analysts expect Robert Half to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Robert Half Trading Up 1.0 %

Shares of NYSE RHI traded up $0.67 during midday trading on Friday, reaching $70.23. The company's stock had a trading volume of 1,184,312 shares, compared to its average volume of 1,031,429. The company has a 50 day moving average price of $78.01 and a 200 day moving average price of $79.51. Robert Half has a one year low of $64.65 and a one year high of $88.39. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 17.28 and a beta of 1.26.

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 issued a $0.53 dividend. This is an increase from Robert Half's previous quarterly dividend of $0.48. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Thursday, February 22nd. Robert Half's payout ratio is presently 54.78%.

Analyst Ratings Changes

RHI has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Robert Half from $66.00 to $72.00 and gave the company a "sell" rating in a report on Thursday, January 25th. BMO Capital Markets cut their price target on shares of Robert Half from $85.00 to $80.00 and set a "market perform" rating on the stock in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $68.57.

Insider Activity at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Robert Half by 0.3% in the first quarter. Vanguard Group Inc. now owns 13,674,644 shares of the business services provider's stock worth $1,561,370,000 after acquiring an additional 42,681 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in Robert Half by 116,277.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,941,582 shares of the business services provider's stock worth $586,327,000 after acquiring an additional 7,934,758 shares in the last quarter. Capital World Investors bought a new stake in Robert Half in the first quarter worth approximately $636,060,000. State Street Corp grew its position in Robert Half by 2.5% in the second quarter. State Street Corp now owns 4,647,446 shares of the business services provider's stock worth $349,581,000 after acquiring an additional 113,299 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Robert Half by 46.5% in the fourth quarter. Alliancebernstein L.P. now owns 2,808,208 shares of the business services provider's stock worth $207,330,000 after acquiring an additional 891,202 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.