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

Robert Half (NYSE:RHI) announced its quarterly earnings results on Thursday. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01, Briefing.com reports. Robert Half had a net margin of 5.74% and a return on equity of 22.08%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the firm earned $1.14 EPS. The firm’s revenue for the quarter was down 14.0% compared to the same quarter last year.

Robert Half Stock Down 1.8 %

Robert Half stock opened at $69.35 on Friday. The company has a market capitalization of $7.29 billion, a PE ratio of 20.76, a P/E/G ratio of 17.55 and a beta of 1.26. The firm has a fifty day simple moving average of $76.99 and a two-hundred day simple moving average of $79.39. Robert Half has a twelve month low of $64.65 and a twelve month high of $88.39.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a $0.53 dividend. 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 annualized dividend and a yield of 3.06%. Robert Half’s payout ratio is 63.47%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

RHI has been the topic of several recent analyst reports. Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a research report on Monday, April 22nd. BMO Capital Markets dropped their target price on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. Finally, Robert W. Baird lowered their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Robert Half currently has an average rating of “Hold” and an average target price of $68.14.

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.