Robert Half (NYSE:RHI) Releases Q4 2024 Earnings Guidance

Robert Half (NYSE:RHI) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.470-0.610 for the period, compared to the consensus EPS estimate of 0.690. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.5 billion.

Analysts Set New Price Targets

A number of brokerages recently commented on RHI. Barclays dropped their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. reduced their price objective on Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Truist Financial lowered 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. BMO Capital Markets dropped their target price on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Finally, StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Two investment 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, the company has an average rating of “Hold” and an average target price of $67.86.

Robert Half Stock Performance

Shares of RHI traded up $0.14 during mid-day trading on Tuesday, hitting $65.70. 1,459,489 shares of the company were exchanged, compared to its average volume of 1,417,818. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 19.63 and a beta of 1.23. Robert Half has a 1-year low of $57.05 and a 1-year high of $88.39. The company has a 50 day moving average of $64.46 and a 200-day moving average of $65.70.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. Robert Half’s revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 EPS. Research analysts anticipate that Robert Half will post 2.51 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were issued a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.23%. Robert Half’s payout ratio is currently 63.47%.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the sale, the director now directly owns 13,342 shares in the company, valued at $841,746.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.