Robert Half (NYSE:RHI) Posts Quarterly Earnings Results, Hits Expectations

Key Points

• Robert Half reported quarterly earnings of **$0.43 per share**, meeting analysts' expectations, with a **net margin of 3.20%** and a **return on equity of 13.00%**.
• The company has declared a **quarterly dividend of $0.59 per share**, yielding **8.0%**, but has a high payout ratio of **134.86%**.
• Analysts have mixed ratings on Robert Half, with one **buy**, four **hold**, and three **sell** ratings, and a consensus price target of **$45.00**.

Robert Half (NYSE:RHI - Get Free Report) posted its quarterly earnings results on Wednesday. The business services provider reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43, Zacks reports. Robert Half had a net margin of 3.20% and a return on equity of 13.00%.

Robert Half Stock Performance

Shares of NYSE:RHI traded down $1.38 during mid-day trading on Wednesday, reaching $29.60. 4,254,909 shares of the company's stock were exchanged, compared to its average volume of 1,715,129. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 16.91 and a beta of 1.02. The business's fifty day moving average price is $34.94 and its 200-day moving average price is $40.41. Robert Half has a twelve month low of $29.48 and a twelve month high of $78.41.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 25th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Monday, August 25th. Robert Half's payout ratio is 134.86%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RHI shares. Truist Financial reduced their price target on shares of Robert Half from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Monday, October 13th. Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Zacks Research lowered shares of Robert Half from a "hold" rating to a "strong sell" rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. cut 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. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Robert Half in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $45.00.

Hedge Funds Weigh In On Robert Half

A number of hedge funds have recently bought and sold shares of RHI. AQR Capital Management LLC raised its stake in Robert Half by 190.5% during the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider's stock worth $254,560,000 after buying an additional 4,066,328 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in Robert Half by 1,478.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider's stock worth $47,021,000 after buying an additional 1,072,895 shares during the last quarter. Man Group plc raised its stake in Robert Half by 775.7% during the second quarter. Man Group plc now owns 654,458 shares of the business services provider's stock worth $26,866,000 after buying an additional 579,719 shares during the last quarter. Ieq Capital LLC raised its stake in Robert Half by 58.0% during the second quarter. Ieq Capital LLC now owns 518,190 shares of the business services provider's stock worth $21,272,000 after buying an additional 190,289 shares during the last quarter. Finally, Talaria Asset Management Pty Ltd bought a new position in Robert Half during the second quarter worth $6,995,000. Institutional investors own 92.41% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.