FY2024 EPS Estimates for Robert Half Decreased by Analyst

Robert Half Inc. (NYSE:RHI) – William Blair decreased their FY2024 earnings per share (EPS) estimates for shares of Robert Half in a report released on Wednesday, October 23rd. William Blair analyst T. Romeo now anticipates that the business services provider will post earnings per share of $2.46 for the year, down from their previous forecast of $2.55. The consensus estimate for Robert Half’s current full-year earnings is $2.51 per share. William Blair also issued estimates for Robert Half’s Q4 2024 earnings at $0.55 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.80 EPS and FY2026 earnings at $3.89 EPS.

Several other research analysts have also recently weighed in on RHI. Barclays decreased their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday. BMO Capital Markets dropped their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Truist Financial decreased their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Finally, StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.71.

Robert Half Price Performance

NYSE RHI opened at $67.68 on Thursday. The company’s 50 day simple moving average is $64.98 and its two-hundred day simple moving average is $65.62. Robert Half has a 1 year low of $57.05 and a 1 year high of $88.39. The stock has a market capitalization of $7.10 billion, a PE ratio of 20.26 and a beta of 1.23.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. Robert Half’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.90 earnings per share.

Institutional Investors Weigh In On Robert Half

Several institutional investors have recently bought and sold shares of RHI. Wealth Enhancement Advisory Services LLC raised its holdings in Robert Half by 5.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 60,677 shares of the business services provider’s stock valued at $4,810,000 after buying an additional 3,211 shares during the last quarter. Grimes & Company Inc. increased its position in shares of Robert Half by 4.0% in the first quarter. Grimes & Company Inc. now owns 225,508 shares of the business services provider’s stock valued at $17,878,000 after acquiring an additional 8,700 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Robert Half by 60.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,471 shares of the business services provider’s stock valued at $1,306,000 after acquiring an additional 6,187 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Robert Half by 102.6% during the first quarter. Commonwealth Equity Services LLC now owns 13,545 shares of the business services provider’s stock worth $1,074,000 after purchasing an additional 6,858 shares during the period. Finally, JLB & Associates Inc. grew its stake in shares of Robert Half by 1.2% in the first quarter. JLB & Associates Inc. now owns 54,690 shares of the business services provider’s stock worth $4,336,000 after purchasing an additional 634 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the sale, the director now owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were issued a dividend of $0.53 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.13%. Robert Half’s dividend payout ratio is 63.47%.

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.