Robert Half (NYSE:RHI) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Robert Half (NYSE:RHI) posted its quarterly earnings results on Thursday. The business services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02, FiscalAI reports. Robert Half had a net margin of 2.85% and a return on equity of 11.76%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion.

Robert Half Stock Up 0.3%

Shares of NYSE:RHI traded up $0.08 during trading on Thursday, reaching $27.03. 4,384,658 shares of the company’s stock traded hands, compared to its average volume of 2,252,936. Robert Half has a fifty-two week low of $25.22 and a fifty-two week high of $66.74. The company has a 50-day simple moving average of $27.64 and a 200-day simple moving average of $31.76. The firm has a market cap of $2.74 billion, a PE ratio of 17.55 and a beta of 0.85.

Analyst Upgrades and Downgrades

RHI has been the subject of several analyst reports. The Goldman Sachs Group decreased their price target on shares of Robert Half from $31.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, October 23rd. Truist Financial set a $35.00 target price on shares of Robert Half in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a research report on Monday, December 29th. Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Finally, BNP Paribas Exane lowered Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $30.63.

Institutional Trading of Robert Half

Several institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half during the 2nd quarter worth approximately $34,000. Danske Bank A S acquired a new stake in shares of Robert Half in the third quarter valued at about $37,000. Quarry LP increased its stake in shares of Robert Half by 175.9% during the third quarter. Quarry LP now owns 2,464 shares of the business services provider’s stock worth $84,000 after purchasing an additional 1,571 shares in the last quarter. State of Wyoming acquired a new position in shares of Robert Half during the 2nd quarter worth about $122,000. Finally, Glenmede Investment Management LP purchased a new position in Robert Half in the 3rd quarter valued at about $201,000. 92.41% of the stock is owned by institutional investors and hedge funds.

About Robert Half

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.