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

Robert Half (NYSE:RHI) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.470-0.610 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RHI. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barclays cut their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. Truist Financial lowered their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Finally, BMO Capital Markets cut their price objective on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Two 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.71.

Robert Half Price Performance

Shares of NYSE:RHI traded down $0.11 on Friday, reaching $68.64. 20,683 shares of the company traded hands, compared to its average volume of 1,416,751. The stock has a market capitalization of $7.20 billion, a PE ratio of 20.58 and a beta of 1.23. The company’s 50 day moving average is $64.86 and its 200-day moving average is $65.67. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. Robert Half’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. As a group, analysts expect that Robert Half will post 2.51 EPS for the current year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.53 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.09%. Robert Half’s dividend payout ratio is currently 63.47%.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s 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 sale, the director now directly owns 13,342 shares of the company’s stock, valued at $841,746.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.