Robert Half Inc. (NYSE:RHI) Given Average Recommendation of "Hold" by Analysts

Key Points

• Robert Half Inc. (NYSE:RHI) has received a consensus recommendation of "Hold" from six analysts, with one sell rating, four hold ratings, and one buy rating.
• The company reported $0.41 earnings per share, beating analysts' expectations, although revenue decreased by 7.0% year-over-year to $1.37 billion.
• Robert Half recently announced a quarterly dividend of $0.59, representing an annual yield of 6.7%, despite a high payout ratio of 134.86%.

Robert Half Inc. (NYSE:RHI - Get Free Report) has received a consensus recommendation of "Hold" from the six ratings firms that are currently 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 issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $45.8333.

Several research analysts recently issued reports on RHI shares. JPMorgan Chase & Co. cut their price objective on Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, July 24th. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd.

Robert Half Trading Down 2.5%

RHI stock opened at $35.49 on Friday. The firm has a 50 day moving average of $37.93 and a 200-day moving average of $44.29. Robert Half has a 12-month low of $33.18 and a 12-month high of $78.41. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 20.28 and a beta of 1.03.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the firm earned $0.66 EPS. The company's revenue for the quarter was down 7.0% on a year-over-year basis. Sell-side analysts forecast that Robert Half will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Monday, August 25th. Robert Half's payout ratio is presently 134.86%.

Institutional Trading of Robert Half

Several hedge funds and other institutional investors have recently bought and sold shares of RHI. Quarry LP boosted its holdings 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 purchasing an additional 411 shares during the last quarter. CX Institutional acquired a new position in shares of Robert Half in the 1st quarter valued at $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half in the 2nd quarter valued at $34,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Robert Half by 927.7% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider's stock valued at $35,000 after purchasing an additional 770 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of Robert Half by 393.8% in the 2nd quarter. True Wealth Design LLC now owns 963 shares of the business services provider's stock valued at $40,000 after purchasing an additional 768 shares during 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.

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