Robert Half (NYSE:RHI) Releases Quarterly Earnings Results

Robert Half (NYSE:RHI) released its earnings results on Thursday. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01, Briefing.com reports. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the firm posted $1.14 earnings per share. The company’s quarterly revenue was down 14.0% on a year-over-year basis.

Robert Half Stock Performance

NYSE:RHI traded down $1.27 during trading hours on Friday, reaching $69.33. The company’s stock had a trading volume of 920,581 shares, compared to its average volume of 1,044,847. The stock has a 50 day moving average price of $77.22 and a two-hundred day moving average price of $79.44. The company has a market capitalization of $7.29 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 17.82 and a beta of 1.26. Robert Half has a 12 month low of $64.65 and a 12 month high of $88.39.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This is an increase from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.06%. Robert Half’s dividend payout ratio (DPR) is currently 54.78%.

Insider Buying and Selling at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the completion of the sale, the executive vice president now directly owns 186,062 shares in the company, valued at approximately $14,970,548.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

RHI has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their target price on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a research report on Monday. Finally, Robert W. Baird decreased their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $68.14.

Robert Half Company Profile

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.