Robert Half (RHI) to Release Earnings on Thursday

Robert Half (NYSE:RHI) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Robert Half to post earnings of $0.60 per share for the quarter. Robert Half has set its Q1 2024 guidance at 0.540-0.680 EPS and its Q1 guidance at $0.54-0.68 EPS.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm earned $1.37 earnings per share. The firm’s revenue was down 14.7% compared to the same quarter last year. On average, analysts expect Robert Half to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Robert Half Stock Up 0.4 %

Shares of RHI stock opened at $69.56 on Friday. The firm has a fifty day moving average of $78.23 and a 200-day moving average of $79.52. Robert Half has a 12-month low of $64.65 and a 12-month high of $88.39. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 17.28 and a beta of 1.26.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a dividend of $0.53 per share. This is an increase from Robert Half’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.12 annualized dividend and a dividend yield of 3.05%. Robert Half’s dividend payout ratio is currently 54.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Robert Half from $66.00 to $72.00 and gave the stock a “sell” rating in a research report on Thursday, January 25th. BMO Capital Markets lowered their price target on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $68.57.

Insider Transactions at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $80.46, for a total transaction of $603,450.00. Following the transaction, the executive vice president now directly owns 186,062 shares in the company, valued at approximately $14,970,548.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RHI. Quarry LP acquired a new position in shares of Robert Half during the 4th quarter worth about $25,000. Resurgent Financial Advisors LLC bought a new stake in shares of Robert Half during the 4th quarter worth about $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Robert Half during the 4th quarter worth about $28,000. Salem Investment Counselors Inc. bought a new stake in shares of Robert Half during the 2nd quarter worth about $28,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Robert Half during the 2nd quarter worth about $43,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.