Robert Half (RHI) Set to Announce Quarterly Earnings on Tuesday

Robert Half (NYSE:RHI) is set to post its quarterly earnings results after the market closes on Tuesday, October 22nd. Analysts expect Robert Half to post earnings of $0.63 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 earnings per share. On average, analysts expect Robert Half to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $66.31 on Friday. The business’s fifty day moving average price is $64.34 and its two-hundred day moving average price is $65.84. The stock has a market cap of $6.96 billion, a PE ratio of 19.85 and a beta of 1.23. Robert Half has a one year low of $57.05 and a one year high of $88.39.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, August 23rd. Robert Half’s payout ratio is currently 63.47%.

Insider Buying and Selling

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the transaction, the director now directly owns 13,342 shares in the company, valued at $841,746.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RHI. BMO Capital Markets reduced their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Barclays cut their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. decreased their price objective on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Finally, Truist Financial reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $67.86.

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.