Robert Half Inc. (NYSE:RHI – Get Free Report)’s stock price reached a new 52-week high on Saturday after JPMorgan Chase & Co. raised their price target on the stock from $40.00 to $45.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Robert Half traded as high as $47.14 and last traded at $46.0250, with a volume of 6,893,679 shares changing hands. The stock had previously closed at $37.68.
Several other equities research analysts have also weighed in on the company. Truist Financial raised their price objective on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Weiss Ratings cut Robert Half from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 9th. The Goldman Sachs Group boosted their target price on Robert Half from $29.00 to $33.00 and gave the stock a “sell” rating in a research report on Friday. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $33.00 target price on shares of Robert Half in a report on Friday. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.50.
Check Out Our Latest Report on Robert Half
Key Headlines Impacting Robert Half
Here are the key news stories impacting Robert Half this week:
- Positive Sentiment: Earnings beat expectations: Robert Half reported third-quarter revenue of $1.359 billion, broadly in line with estimates, while earnings per share rose to $0.49 from $0.43 a year earlier and exceeded the $0.47 consensus. Robert Half Reports Third-Quarter Financial Results
- Positive Sentiment: Talent Solutions returned to growth: Adjusted Talent Solutions revenue increased 2% year over year, its first increase since 2022. Permanent placement revenue grew 6%, while contract talent revenue increased 1%, suggesting staffing demand is stabilizing. Robert Half: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: Improving demand and guidance: Management cited better hiring activity, stronger October trends in key staffing categories, and improving demand for risk and compliance consulting. Fourth-quarter guidance implies approximately 3% adjusted revenue growth and roughly 30% earnings growth at the midpoint. How Staffing Firm Robert Half Is Bucking a Stalling Job Market
- Positive Sentiment: Compliance opportunity: Recent regulatory enforcement and bank fines are creating a potentially lucrative pipeline for Robert Half’s risk and compliance consulting business. Management also said artificial intelligence is changing required skills rather than eliminating demand for staffing and consulting roles. Why Robert Half Stock Jumped More Than 20% Today
- Neutral Sentiment: Analyst reaction was supportive but cautious: JPMorgan raised its price target from $40 to $45 but maintained a “neutral” rating, while other brokerages reportedly lifted targets following the results. Robert Half Stock Rises as Analysts Lift Targets
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in Robert Half by 4.8% during the third quarter. Signaturefd LLC now owns 13,822 shares of the business services provider’s stock valued at $508,000 after acquiring an additional 631 shares in the last quarter. RWC Asset Management LLP bought a new stake in Robert Half in the third quarter worth approximately $388,000. Fifth Third Wealth Advisors LLC bought a new stake in Robert Half in the third quarter worth approximately $346,000. Reyes Financial Architecture Inc. acquired a new position in shares of Robert Half during the 3rd quarter worth $36,000. Finally, 55 North Private Wealth LLC acquired a new position in shares of Robert Half during the 3rd quarter worth $240,000. Institutional investors and hedge funds own 92.41% of the company’s stock.
Robert Half Stock Performance
The company has a market cap of $4.71 billion, a price-to-earnings ratio of 38.04 and a beta of 0.84. The company’s 50 day moving average price is $38.81 and its 200 day moving average price is $34.25.
Robert Half (NYSE:RHI – Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Robert Half had a net margin of 2.30% and a return on equity of 9.83%. Robert Half’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. On average, equities research analysts forecast that Robert Half Inc. will post 1.28 EPS for the current fiscal year.
Robert Half Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.1%. Robert Half’s payout ratio is currently 195.04%.
Robert Half Company Profile
Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.
Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.
Featured Articles
- Five stocks we like better than Robert Half
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Receive News & Ratings for Robert Half Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half and related companies with MarketBeat.com's FREE daily email newsletter.
