Zacks Research Analysts Raise Earnings Estimates for Robert Half Inc. (NYSE:RHI)

Robert Half Inc. (NYSE:RHI) – Investment analysts at Zacks Research lifted their Q4 2024 earnings per share (EPS) estimates for Robert Half in a research report issued on Wednesday, April 24th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings per share of $1.06 for the quarter, up from their prior forecast of $1.00. The consensus estimate for Robert Half’s current full-year earnings is $3.34 per share. Zacks Research also issued estimates for Robert Half’s Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $1.05 EPS, FY2025 earnings at $3.67 EPS and Q1 2026 earnings at $0.74 EPS.

Robert Half (NYSE:RHI) last released its quarterly earnings results 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. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period last year, the company earned $1.37 EPS.

Several other equities analysts have also commented on the company. BMO Capital Markets dropped their target price on 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 upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average price target of $68.57.

Robert Half Stock Performance

Shares of RHI opened at $70.60 on Thursday. Robert Half has a fifty-two week low of $64.65 and a fifty-two week high of $88.39. The company has a market capitalization of $7.42 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 17.83 and a beta of 1.26. The stock has a fifty day moving average of $77.46 and a two-hundred day moving average of $79.50.

Hedge Funds Weigh In On Robert Half

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC raised its position in Robert Half by 17.8% in the third quarter. Hsbc Holdings PLC now owns 785,690 shares of the business services provider’s stock valued at $57,594,000 after purchasing an additional 118,800 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in shares of Robert Half by 151.9% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 72,505 shares of the business services provider’s stock valued at $5,313,000 after buying an additional 43,726 shares during the period. Twin Capital Management Inc. lifted its position in Robert Half by 38.7% during the 4th quarter. Twin Capital Management Inc. now owns 7,700 shares of the business services provider’s stock worth $677,000 after acquiring an additional 2,148 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Robert Half by 34.0% in the 4th quarter. Mackenzie Financial Corp now owns 53,265 shares of the business services provider’s stock worth $4,683,000 after acquiring an additional 13,503 shares during the period. Finally, Nordea Investment Management AB grew its position in Robert Half by 88.5% in the third quarter. Nordea Investment Management AB now owns 27,740 shares of the business services provider’s stock valued at $2,048,000 after acquiring an additional 13,026 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Transactions at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were 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 $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.53 per share. The ex-dividend date was Thursday, February 22nd. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a yield of 3.00%. Robert Half’s dividend payout ratio is currently 54.78%.

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.