Robert Half (NYSE:RHI) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Robert Half (NYSE:RHI) posted its quarterly earnings data on Wednesday. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01), Zacks reports. Robert Half had a return on equity of 18.78% and a net margin of 4.84%.

Robert Half Price Performance

RHI traded down $1.14 during trading on Wednesday, reaching $69.19. The company had a trading volume of 2,003,928 shares, compared to its average volume of 988,802. The business’s fifty day moving average price is $71.84 and its 200 day moving average price is $67.93. Robert Half has a 12 month low of $57.05 and a 12 month high of $83.25. The company has a market cap of $7.14 billion, a P/E ratio of 25.25 and a beta of 1.24.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RHI has been the topic of several research reports. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. BNP Paribas lowered Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target on the stock. in a research report on Monday, December 16th. Finally, Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and increased their target price for the company from $62.00 to $90.00 in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $74.33.

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.