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 earnings per share (EPS) guidance of 0.530-0.670 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RHI. Truist Financial reduced their price objective on shares of Robert Half from $72.00 to $62.00 and set a hold rating on the stock in a research report on Friday. BNP Paribas upgraded shares of Robert Half from an underperform rating to an outperform rating and set a $80.00 price objective on the stock in a research report on Tuesday, June 11th. BMO Capital Markets reduced their price objective on shares of Robert Half from $72.00 to $64.00 and set a market perform rating on the stock in a research report on Thursday. Barclays cut their target price 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, StockNews.com lowered shares of Robert Half from a buy rating to a hold rating in a report on Friday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $66.00.

Robert Half Trading Up 4.0 %

Shares of RHI stock traded up $2.39 on Friday, reaching $62.31. The company’s stock had a trading volume of 2,117,257 shares, compared to its average volume of 1,274,214. The stock’s fifty day simple moving average is $64.40 and its 200-day simple moving average is $72.69. Robert Half has a 1 year low of $57.05 and a 1 year high of $88.39. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 5.04 and a beta of 1.25.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.05). The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 earnings per share. Equities research analysts forecast that Robert Half will post 2.89 earnings per share for the current year.

Robert Half Dividend Announcement

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

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of Robert Half stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the transaction, the director now directly owns 10,713 shares of the company’s stock, valued at $746,267.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by 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.