Q4 2024 EPS Estimates for Robert Half Inc. Boosted by Analyst (NYSE:RHI)

Robert Half Inc. (NYSE:RHI) – Analysts at Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for shares of Robert Half in a research note issued to investors on Wednesday, April 24th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings of $1.06 per share for the quarter, up from their prior forecast of $1.00. The consensus estimate for Robert Half’s current full-year earnings is $3.34 per share. Zacks Research also issued estimates for Robert Half’s Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $1.05 EPS, FY2025 earnings at $3.67 EPS and Q1 2026 earnings at $0.74 EPS.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS.

Several other brokerages also recently weighed in on RHI. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a research note on Monday, April 22nd. BMO Capital Markets dropped their price objective on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. Finally, Robert W. Baird dropped their price objective on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $68.14.

Robert Half Price Performance

Shares of Robert Half stock opened at $69.35 on Thursday. The business’s fifty day moving average price is $77.22 and its two-hundred day moving average price is $79.44. The company has a market capitalization of $7.29 billion, a P/E ratio of 17.92, a PEG ratio of 17.82 and a beta of 1.26. Robert Half has a 1-year low of $64.65 and a 1-year high of $88.39.

Institutional Investors Weigh In On Robert Half

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Capital World Investors raised its position in shares of Robert Half by 6.7% during the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after purchasing an additional 917,311 shares during the period. Boston Partners grew its holdings in shares of Robert Half by 36.5% during the fourth quarter. Boston Partners now owns 3,270,365 shares of the business services provider’s stock valued at $287,265,000 after buying an additional 874,620 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Robert Half by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,634,682 shares of the business services provider’s stock valued at $193,069,000 after buying an additional 57,130 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of Robert Half by 3.4% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock valued at $170,921,000 after buying an additional 64,114 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Robert Half by 10.1% during the third quarter. Northern Trust Corp now owns 1,792,144 shares of the business services provider’s stock valued at $131,328,000 after buying an additional 164,517 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the sale, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.06%. Robert Half’s payout ratio is 54.78%.

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.