Robert Half (NYSE:RHI - Get Free Report) released its earnings results on Wednesday. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01, Zacks reports. Robert Half had a net margin of 3.20% and a return on equity of 12.82%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. Robert Half's revenue was down 7.0% compared to the same quarter last year.
Robert Half Price Performance
RHI traded down $0.37 during trading on Friday, hitting $39.48. The company had a trading volume of 829,338 shares, compared to its average volume of 1,688,461. The company has a market cap of $4.03 billion, a PE ratio of 22.56 and a beta of 1.00. Robert Half has a 1-year low of $38.90 and a 1-year high of $78.41. The business has a 50-day moving average of $43.25 and a 200-day moving average of $51.44.
Robert Half Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were issued a $0.59 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.98%. Robert Half's dividend payout ratio is presently 134.86%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a report on Friday, May 2nd. BNP Paribas Exane downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research note on Friday, May 2nd. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the stock a "buy" rating in a research note on Thursday, April 24th. Barclays decreased their price objective on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $48.43.
Read Our Latest Stock Report on Robert Half
Institutional Trading of Robert Half
A number of institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp grew its position in shares of Robert Half by 498.7% during the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider's stock worth $372,000 after acquiring an additional 5,675 shares during the last quarter. Royal Bank of Canada raised its position in Robert Half by 19.3% during the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider's stock valued at $2,092,000 after acquiring an additional 6,212 shares in the last quarter. Empowered Funds LLC raised its position in Robert Half by 91.8% during the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider's stock valued at $3,039,000 after acquiring an additional 26,672 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Robert Half by 2.5% in the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider's stock valued at $16,603,000 after purchasing an additional 7,523 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.
Robert Half Company Profile
(
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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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