Robert Half (NYSE:RHI) Announces Earnings Results, Beats Estimates By $0.02 EPS

Robert Half (NYSE:RHI) released its quarterly earnings results on Thursday. The business services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02, FiscalAI reports. Robert Half had a return on equity of 11.76% and a net margin of 2.85%.The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion.

Robert Half Stock Performance

RHI stock traded up $0.08 during mid-day trading on Thursday, reaching $27.03. 4,384,658 shares of the stock traded hands, compared to its average volume of 2,252,936. The business has a 50-day moving average price of $27.64 and a two-hundred day moving average price of $31.76. The stock has a market capitalization of $2.74 billion, a PE ratio of 17.55 and a beta of 0.85. Robert Half has a one year low of $25.22 and a one year high of $66.74.

Institutional Trading of Robert Half

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Robert Half in the second quarter worth $34,000. Danske Bank A S purchased a new stake in Robert Half in the 3rd quarter valued at about $37,000. Quarry LP grew its stake in Robert Half by 175.9% in the 3rd quarter. Quarry LP now owns 2,464 shares of the business services provider’s stock worth $84,000 after acquiring an additional 1,571 shares in the last quarter. State of Wyoming purchased a new position in shares of Robert Half during the second quarter worth approximately $122,000. Finally, Glenmede Investment Management LP bought a new stake in shares of Robert Half during the third quarter valued at approximately $201,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RHI shares. Robert W. Baird set a $22.00 price target on Robert Half in a research note on Friday, December 5th. Barclays lowered their price objective on shares of Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Truist Financial set a $35.00 price target on shares of Robert Half in a research report on Friday, December 12th. BNP Paribas Exane lowered Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research note on Friday, December 5th. Finally, Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $30.63.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.