Robert Half (NYSE:RHI) Announces Earnings Results

Robert Half (NYSE:RHI) posted its earnings results on Wednesday. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01), Zacks reports. Robert Half had a return on equity of 16.87% and a net margin of 4.34%.

Robert Half Stock Up 1.2 %

NYSE:RHI traded up $0.76 on Friday, reaching $65.35. 223,288 shares of the company’s stock traded hands, compared to its average volume of 1,121,598. The firm has a market cap of $6.75 billion, a PE ratio of 26.76 and a beta of 1.24. The stock has a 50-day simple moving average of $71.59 and a 200-day simple moving average of $67.92. Robert Half has a 12 month low of $57.05 and a 12 month high of $83.25.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RHI. JPMorgan Chase & Co. dropped their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday. BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a research report on Monday, December 16th. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Finally, Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the company from $62.00 to $90.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Robert Half has a consensus rating of “Hold” and an average price target of $73.67.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.