Robert Half Inc. (NYSE:RHI) Receives Average Rating of "Reduce" from Brokerages

Key Points

• Robert Half Inc. has an average rating of "Reduce" from eight research firms, with three analysts recommending a sell and four a hold.
• The company reported earnings of $0.41 per share, surpassing analyst estimates despite a 7% decrease in revenue compared to the previous year.
• Robert Half announced a quarterly dividend of $0.59 per share, resulting in an annualized yield of 7.0%, but has a high payout ratio of 134.86%.

Robert Half Inc. (NYSE:RHI - Get Free Report) has earned an average recommendation of "Reduce" from the eight research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $45.8333.

RHI has been the subject of a number of research reports. Zacks Research cut Robert Half from a "hold" rating to a "strong sell" rating in a research note on Monday, September 22nd. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, July 24th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Robert Half in a research report on Saturday, September 27th.

Institutional Investors Weigh In On Robert Half

Several institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new stake in Robert Half during the third quarter worth $282,000. Oak Thistle LLC grew its stake in shares of Robert Half by 119.2% in the 3rd quarter. Oak Thistle LLC now owns 21,399 shares of the business services provider's stock worth $727,000 after acquiring an additional 11,635 shares in the last quarter. Martin Capital Partners LLC grew its stake in shares of Robert Half by 68.6% in the 3rd quarter. Martin Capital Partners LLC now owns 165,729 shares of the business services provider's stock worth $5,631,000 after acquiring an additional 67,419 shares in the last quarter. Aaron Wealth Advisors LLC bought a new stake in shares of Robert Half in the 3rd quarter worth $1,687,000. Finally, GAMMA Investing LLC grew its stake in shares of Robert Half by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,161 shares of the business services provider's stock worth $73,000 after acquiring an additional 599 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Robert Half Trading Up 1.6%

NYSE:RHI opened at $33.69 on Thursday. The firm has a fifty day simple moving average of $35.49 and a two-hundred day simple moving average of $41.83. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 19.25 and a beta of 1.02. Robert Half has a 12 month low of $32.99 and a 12 month high of $78.41.

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

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 25th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 7.0%. Robert Half's payout ratio is 134.86%.

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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