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

Robert Half (NYSE:RHI) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.470-0.610 for the period, compared to the consensus 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 Upgrades and Downgrades

RHI has been the subject of a number of analyst reports. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Truist Financial decreased their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. BMO Capital Markets cut their target price 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. Finally, Barclays lowered their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Two 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.86.

Robert Half Trading Up 0.2 %

NYSE RHI traded up $0.14 during trading hours on Tuesday, reaching $65.70. 1,465,410 shares of the company’s stock were exchanged, compared to its average volume of 1,417,847. The firm has a fifty day moving average of $64.46 and a 200-day moving average of $65.70. Robert Half has a one year low of $57.05 and a one year high of $88.39. The stock has a market cap of $6.89 billion, a PE ratio of 19.63 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. As a group, research analysts forecast that Robert Half will post 2.51 EPS for the current year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.23%. Robert Half’s payout ratio is 63.47%.

Insider Activity at Robert Half

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

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.