Robert Half (RHI) to Release Quarterly Earnings on Tuesday

Robert Half (NYSE:RHI) is scheduled to release its earnings data after the market closes on Tuesday, October 22nd. Analysts expect Robert Half to post earnings of $0.63 per share for the quarter.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. On average, analysts expect Robert Half to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Robert Half Price Performance

Shares of NYSE:RHI traded up $1.14 during trading on Wednesday, hitting $68.79. 51,087 shares of the company were exchanged, compared to its average volume of 1,414,448. Robert Half has a 52-week low of $57.05 and a 52-week high of $88.39. The stock has a 50 day moving average of $63.93 and a 200 day moving average of $65.98. The company has a market cap of $7.22 billion, a PE ratio of 20.52 and a beta of 1.23.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.08%. Robert Half’s payout ratio is 63.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RHI shares. JPMorgan Chase & Co. reduced their target price on Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barclays decreased their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. BMO Capital Markets cut their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Finally, Truist Financial decreased their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Robert Half presently has an average rating of “Hold” and a consensus target price of $67.86.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the sale, the director now directly owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Robert Half Company Profile

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.