Robert Half Inc. (NYSE:RHI) Receives Consensus Recommendation of “Reduce” from Brokerages

Robert Half Inc. (NYSE:RHI) has earned a consensus rating of “Reduce” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $31.75.

Several equities analysts have recently weighed in on RHI shares. Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Zacks Research downgraded Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th.

Robert Half Trading Down 0.4%

RHI stock traded down $0.13 during midday trading on Friday, hitting $32.47. The stock had a trading volume of 2,523,893 shares, compared to its average volume of 2,249,524. The firm has a market cap of $3.32 billion, a P/E ratio of 24.97 and a beta of 0.82. The business has a fifty day moving average price of $29.69 and a two-hundred day moving average price of $27.60. Robert Half has a 1-year low of $21.83 and a 1-year high of $43.28.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 EPS. On average, equities analysts anticipate that Robert Half will post 1.29 EPS for the current year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Friday, May 22nd. Robert Half’s dividend payout ratio is currently 181.54%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares during the period. Gilpin Wealth Management LLC bought a new position in shares of Robert Half in the fourth quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Robert Half in the 2nd quarter valued at about $34,000. Elevation Wealth Partners LLC raised its stake in Robert Half by 605.6% in the second quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 975 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Robert Half by 94.3% during the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after buying an additional 664 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.