Robert Half Inc. (NYSE:RHI) Receives Average Rating of “Reduce” from Analysts

Robert Half Inc. (NYSE:RHI) has earned an average recommendation of “Reduce” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $34.75.

A number of research analysts recently issued reports on RHI shares. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Robert W. Baird set a $47.00 price objective on Robert Half in a report on Monday, July 27th. BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a report on Monday, July 27th. Finally, Truist Financial upped their target price on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd.

Robert Half Trading Down 1.3%

Shares of NYSE:RHI opened at $41.61 on Thursday. Robert Half has a twelve month low of $21.83 and a twelve month high of $44.18. The company has a market cap of $4.26 billion, a PE ratio of 36.18 and a beta of 0.79. The company’s 50 day moving average is $35.46 and its 200 day moving average is $29.51.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. Equities research analysts predict that Robert Half will post 1.29 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.7%. Robert Half’s payout ratio is presently 205.22%.

Institutional Investors Weigh In On Robert Half

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kiltearn Partners LLP purchased a new position in shares of Robert Half during the 2nd quarter valued at approximately $9,335,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Robert Half during the second quarter worth $39,000. Quantbot Technologies LP acquired a new stake in Robert Half during the second quarter valued at $39,000. Evolve Private Wealth LLC acquired a new stake in Robert Half during the second quarter valued at $374,000. Finally, EP Wealth Advisors LLC purchased a new position in Robert Half in the second quarter valued at $397,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.