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

Robert Half (NYSE:RHI) announced its earnings results on Thursday. The business services provider reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26, FiscalAI reports. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion.

Robert Half Stock Down 6.7%

Shares of NYSE RHI traded down $2.75 during trading hours on Thursday, hitting $37.95. The company had a trading volume of 4,380,847 shares, compared to its average volume of 2,875,667. Robert Half has a 1-year low of $21.83 and a 1-year high of $42.65. The firm’s 50 day moving average is $31.75 and its 200-day moving average is $28.28. The stock has a market capitalization of $3.88 billion, a P/E ratio of 29.20 and a beta of 0.82.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Friday, May 22nd. Robert Half’s dividend payout ratio is presently 181.54%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RHI. The Goldman Sachs Group increased their price objective on shares of Robert Half from $23.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, July 14th. Truist Financial upped their target price on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $32.88.

Institutional Trading of Robert Half

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Robert Half in the 2nd quarter valued at about $34,000. Gilpin Wealth Management LLC bought a new stake in shares of Robert Half in the 4th quarter valued at about $27,000. Danske Bank A S bought a new stake in shares of Robert Half in the 3rd quarter valued at about $37,000. Parkside Financial Bank & Trust lifted its stake in Robert Half by 1,095.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,415 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 2,213 shares during the last quarter. Finally, Quarry LP lifted its stake in Robert Half by 175.9% in the 3rd quarter. Quarry LP now owns 2,464 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 1,571 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

About Robert Half

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.