Robert Half (NYSE:RHI) Releases Q3 2024 Earnings Guidance

Robert Half (NYSE:RHI) updated its third quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 0.530-0.670 for the period, compared to the consensus EPS estimate of 0.650. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RHI. BNP Paribas upgraded Robert Half from an underperform rating to an outperform rating and set a $80.00 price objective for the company in a report on Tuesday, June 11th. StockNews.com lowered shares of Robert Half from a buy rating to a hold rating in a research note on Friday, July 5th. Truist Financial reduced their price objective on Robert Half from $72.00 to $62.00 and set a hold rating for the company in a research note on Friday. Barclays dropped their price objective on shares of Robert Half from $70.00 to $60.00 and set an underweight rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $74.00 to $70.00 and set a neutral rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $65.00.

Robert Half Trading Up 4.0 %

RHI traded up $2.39 on Friday, reaching $62.31. The stock had a trading volume of 2,084,926 shares, compared to its average volume of 1,499,058. Robert Half has a 12-month low of $57.05 and a 12-month high of $88.39. The business’s 50-day moving average price is $64.57 and its two-hundred day moving average price is $72.84. The company has a market cap of $6.54 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 5.39 and a beta of 1.25.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). Robert Half had a net margin of 5.26% and a return on equity of 20.14%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business earned $1.00 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, analysts predict that Robert Half will post 2.92 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were issued a $0.53 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.12 annualized dividend and a yield of 3.40%. Robert Half’s payout ratio is 63.47%.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total value of $154,714.86. Following the transaction, the director now directly owns 10,713 shares in the company, valued at approximately $746,267.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.