Robert Half Inc. (NYSE:RHI) Receives Average Rating of "Hold" from Analysts

Key Points

• Robert Half Inc. has received a consensus rating of "Hold" from six analysts, with one sell, four hold, and one buy recommendation.
• The company reported earnings of $0.41 per share, exceeding estimates, although revenue was down 7% year-over-year at $1.37 billion.
• Robert Half declared a quarterly dividend of $0.59 per share, yielding 5.93%, with a dividend payout ratio of 134.86%.

Shares of Robert Half Inc. (NYSE:RHI - Get Free Report) have been assigned a consensus rating of "Hold" from the six analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $45.83.

Several brokerages have recently issued reports on RHI. BNP Paribas Exane cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Thursday, July 24th. BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of Robert Half from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Barclays dropped their target price on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th.

Institutional Trading of Robert Half

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after buying an additional 313 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Robert Half in the 4th quarter valued at $26,000. Quarry LP raised its stake in shares of Robert Half by 540.8% in the 1st quarter. Quarry LP now owns 487 shares of the business services provider's stock valued at $27,000 after buying an additional 411 shares in the last quarter. CX Institutional acquired a new position in shares of Robert Half in the 1st quarter valued at $33,000. Finally, GeoWealth Management LLC acquired a new position in shares of Robert Half in the 4th quarter valued at $35,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Performance

Shares of RHI stock traded down $1.09 during midday trading on Friday, reaching $38.40. 1,456,593 shares of the company were exchanged, compared to its average volume of 2,170,986. Robert Half has a 12 month low of $38.34 and a 12 month high of $78.41. The company has a market cap of $3.92 billion, a P/E ratio of 21.94 and a beta of 1.00. The company's 50 day moving average price is $42.91 and its two-hundred day moving average price is $50.83.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The business's revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, sell-side analysts predict that Robert Half will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date was Friday, May 23rd. Robert Half's payout ratio is 134.86%.

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.