Robert Half (RHI) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Robert Half in the last year. There are currently 2 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" RHI shares.
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8 Wall Street research analysts have issued twelve-month target prices for Robert Half's stock. Their RHI share price forecasts range from $53.00 to $82.00. On average, they predict the company's stock price to reach $71.22 in the next year. This suggests that the stock has a possible downside of 2.6%.
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Robert Half's stock was trading at $73.83 on January 1st, 2023. Since then, RHI stock has decreased by 0.9% and is now trading at $73.13.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our RHI earnings forecast.

Robert Half Inc. (NYSE:RHI) released its earnings results on Tuesday, July, 25th. The business services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.13 by $0.13. The business services provider had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.69 billion. Robert Half had a net margin of 7.84% and a trailing twelve-month return on equity of 34.51%. The company's revenue was down 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 earnings per share.
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Robert Half declared a quarterly dividend on Monday, July 31st. Investors of record on Friday, August 25th will be paid a dividend of $0.48 per share on Friday, September 15th. This represents a $1.92 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, August 24th.
Read our dividend analysis for RHI.

ETFs with the largest weight of Robert Half (NYSE:RHI) stock in their portfolio include Adaptive Core ETF (RULE), The Acquirers Fund (ZIG), Formidable Fortress ETF (KONG), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), Nuveen ESG Mid-Cap Growth ETF (NUMG), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), Invesco S&P 500 Equal Weight Industrials ETF (RGI) and First Trust Industrials/Producer Durables AlphaDEX Fund (FXR).

Robert Half (NYSE:RHI) pays an annual dividend of $1.92 per share and currently has a dividend yield of 2.63%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RHI will have a dividend payout ratio of 47.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RHI.

Robert Half declared that its Board of Directors has approved a stock buyback plan on Thursday, February 9th 2023, which authorizes the company to buyback 10,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its stock is undervalued.

Robert Half issued an update on its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $0.76-$0.90 for the period, compared to the consensus earnings per share estimate of $1.14. The company issued revenue guidance of $1.48 billion-$1.58 billion, compared to the consensus revenue estimate of $1.66 billion.

220 employees have rated Robert Half Chief Executive Officer Keith Waddell on Glassdoor.com. Keith Waddell has an approval rating of 75% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Robert Half investors own include Walt Disney (DIS), Home Depot (HD), Intel (INTC), Cisco Systems (CSCO), Johnson & Johnson (JNJ), AT&T (T), Bristol-Myers Squibb (BMY), QUALCOMM (QCOM) and CVS Health (CVS).

Robert Half trades on the New York Stock Exchange (NYSE) under the ticker symbol "RHI."

Robert Half's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (52.14%), Capital World Investors (12.72%), BlackRock Inc. (9.56%), State Street Corp (4.34%), Alliancebernstein L.P. (3.45%) and Geode Capital Management LLC (2.62%). Insiders that own company stock include Dirk A Kempthorne, Paul F Gentzkow, Robert W Glass and Robert W Glass.
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Shares of RHI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RHI stock can currently be purchased for approximately $73.13.

Robert Half (NYSE:RHI) has a market capitalization of $7.83 billion and generates $6.92 billion in revenue each year. The business services provider earns $657.92 million in net income (profit) each year or $5.04 on an earnings per share basis.

The company employs 16,300 workers across the globe.

Robert Half's mailing address is 2884 SAND HILL ROAD SUITE 200, MENLO PARK CA, 94025. The official website for the company is www.roberthalf.com. The business services provider can be reached via phone at (650) 234-6000, via email at investor.relations@roberthalf.com, or via fax at 650-234-6999.