Zacks Research Comments on Robert Half Inc.’s Q4 2024 Earnings (NYSE:RHI)

Robert Half Inc. (NYSE:RHI) – Investment analysts at Zacks Research upped their Q4 2024 earnings per share (EPS) estimates for shares of Robert Half in a report released on Wednesday, April 24th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $1.06 per share for the quarter, up from their prior forecast of $1.00. The consensus estimate for Robert Half’s current full-year earnings is $3.34 per share. Zacks Research also issued estimates for Robert Half’s Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $1.05 EPS, FY2025 earnings at $3.67 EPS and Q1 2026 earnings at $0.74 EPS.

Several other research analysts have also commented on RHI. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a research report on Monday. BMO Capital Markets reduced their target price on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $68.57.

Robert Half Trading Down 0.0 %

RHI opened at $71.50 on Thursday. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 17.83 and a beta of 1.26. Robert Half has a 12 month low of $64.65 and a 12 month high of $88.39. The stock has a fifty day moving average price of $77.64 and a 200-day moving average price of $79.55.

Robert Half (NYSE:RHI) last issued its earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. Robert Half’s revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a dividend of $0.53 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a yield of 2.97%. The ex-dividend date was Thursday, February 22nd. Robert Half’s dividend payout ratio is currently 54.78%.

Insider Buying and Selling at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares in the company, valued at approximately $14,970,548.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

Several large investors have recently added to or reduced their stakes in the company. Family Legacy Inc. grew its stake in Robert Half by 2.0% during the 1st quarter. Family Legacy Inc. now owns 7,177 shares of the business services provider’s stock valued at $569,000 after purchasing an additional 144 shares during the last quarter. Silver Lake Advisory LLC grew its stake in Robert Half by 7.7% during the 1st quarter. Silver Lake Advisory LLC now owns 54,377 shares of the business services provider’s stock valued at $4,311,000 after purchasing an additional 3,898 shares during the last quarter. Fifth Third Bancorp grew its stake in Robert Half by 6.6% during the 1st quarter. Fifth Third Bancorp now owns 2,888 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 180 shares during the last quarter. Confluence Wealth Services Inc. grew its stake in Robert Half by 144.6% during the 1st quarter. Confluence Wealth Services Inc. now owns 6,219 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 3,677 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in shares of Robert Half by 10.3% in the first quarter. IFM Investors Pty Ltd now owns 26,172 shares of the business services provider’s stock worth $2,075,000 after buying an additional 2,439 shares during the last quarter. Hedge funds and other 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.