Robert Half (NYSE:RHI) Updates Q4 2024 Earnings Guidance

Robert Half (NYSE:RHI) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.470-0.610 for the period, compared to the consensus earnings per share estimate of 0.690. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.5 billion.

Analyst Ratings Changes

RHI has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday. Barclays decreased their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Truist Financial reduced 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 note on Friday, July 26th. Finally, BMO Capital Markets dropped their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Robert Half presently has an average rating of “Hold” and an average price target of $67.71.

Robert Half Stock Down 0.2 %

Shares of NYSE:RHI traded down $0.11 on Friday, reaching $68.64. 20,683 shares of the company’s stock were exchanged, compared to its average volume of 1,416,751. The business’s 50-day moving average is $64.86 and its two-hundred day moving average is $65.67. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 20.58 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its earnings results 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 the consensus estimate of $1.44 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. Robert Half’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. Analysts predict that Robert Half will post 2.51 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Friday, August 23rd. Robert Half’s payout ratio is 63.47%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the sale, the director now directly owns 13,342 shares in the company, valued at $841,746.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

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.