Robert Half (NYSE:RHI) Posts Earnings Results, Misses Expectations By $0.22 EPS

Robert Half (NYSE:RHI) released its earnings results on Thursday. The business services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.22), FiscalAI reports. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.

Robert Half Stock Performance

Robert Half stock traded down $2.31 during midday trading on Thursday, reaching $27.16. The company’s stock had a trading volume of 3,903,249 shares, compared to its average volume of 3,294,509. Robert Half has a fifty-two week low of $21.83 and a fifty-two week high of $48.54. The stock’s 50 day simple moving average is $24.81 and its 200 day simple moving average is $27.19. The firm has a market capitalization of $2.78 billion, a PE ratio of 20.42 and a beta of 0.85.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Wednesday, February 25th were issued a $0.59 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 8.7%. Robert Half’s dividend payout ratio (DPR) is 177.44%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gilpin Wealth Management LLC acquired a new position in shares of Robert Half during the 4th quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half during the 2nd quarter worth $34,000. Danske Bank A S acquired a new position in shares of Robert Half during the 3rd quarter worth $37,000. Parkside Financial Bank & Trust raised its stake in shares of Robert Half by 1,095.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,415 shares of the business services provider’s stock worth $66,000 after buying an additional 2,213 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Robert Half by 175.9% during the 3rd quarter. Quarry LP now owns 2,464 shares of the business services provider’s stock worth $84,000 after buying an additional 1,571 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Robert W. Baird set a $50.00 target price on shares of Robert Half in a research report on Friday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Barclays lowered their target price on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Finally, BMO Capital Markets lowered their target price on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Robert Half has a consensus rating of “Reduce” and a consensus target price of $31.75.

Robert Half Company Profile

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.