Robert Half Inc. (NYSE:RHI) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Robert Half Inc. (NYSE:RHI) have earned a consensus rating of “Reduce” from the ten brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $31.75.

A number of research analysts have recently weighed in on the company. William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Finally, Barclays dropped their price objective on Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th.

Institutional Trading of Robert Half

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RHI. Larson Financial Group LLC increased its position in Robert Half by 321.0% during the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares in the last quarter. Gilpin Wealth Management LLC purchased a new stake in Robert Half during the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Robert Half during the 2nd quarter worth about $34,000. Fifth Third Bancorp increased its position in Robert Half by 94.3% during the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after purchasing an additional 664 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Robert Half during the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Down 0.3%

Shares of RHI stock opened at $31.50 on Tuesday. Robert Half has a fifty-two week low of $21.83 and a fifty-two week high of $43.82. The stock has a market cap of $3.22 billion, a P/E ratio of 24.23 and a beta of 0.84. The business has a fifty day simple moving average of $28.09 and a 200-day simple moving average of $27.12.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $0.17 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Robert Half will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 22nd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date was Friday, May 22nd. Robert Half’s dividend payout ratio (DPR) is currently 181.54%.

About Robert Half

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.