Zacks Research Decreases Earnings Estimates for Robert Half

Robert Half Inc. (NYSE:RHI) – Analysts at Zacks Research reduced their FY2024 earnings per share estimates for shares of Robert Half in a report released on Monday, November 11th. Zacks Research analyst R. Department now anticipates that the business services provider will earn $2.43 per share for the year, down from their previous estimate of $2.52. The consensus estimate for Robert Half’s current full-year earnings is $2.46 per share. Zacks Research also issued estimates for Robert Half’s Q4 2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $2.76 EPS, Q1 2026 earnings at $0.83 EPS, Q2 2026 earnings at $1.02 EPS, Q3 2026 earnings at $1.05 EPS and FY2026 earnings at $3.93 EPS.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays cut their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets lowered their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Finally, Truist Financial cut their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.00.

Robert Half Stock Up 0.2 %

Shares of NYSE RHI opened at $76.40 on Tuesday. The firm’s 50-day moving average price is $67.17 and its two-hundred day moving average price is $65.57. Robert Half has a 52-week low of $57.05 and a 52-week high of $88.39. The stock has a market capitalization of $7.89 billion, a P/E ratio of 27.88 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company earned $0.90 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be given a $0.53 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.77%. Robert Half’s dividend payout ratio is presently 77.37%.

Hedge Funds Weigh In On Robert Half

Several large investors have recently bought and sold shares of RHI. Sei Investments Co. increased its stake in shares of Robert Half by 134.3% during the first quarter. Sei Investments Co. now owns 47,692 shares of the business services provider’s stock valued at $3,781,000 after acquiring an additional 27,334 shares during the period. QRG Capital Management Inc. increased its position in shares of Robert Half by 98.6% during the 1st quarter. QRG Capital Management Inc. now owns 9,965 shares of the business services provider’s stock valued at $790,000 after purchasing an additional 4,947 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Robert Half by 62.4% in the 1st quarter. Russell Investments Group Ltd. now owns 338,420 shares of the business services provider’s stock worth $26,823,000 after buying an additional 130,009 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Robert Half in the first quarter valued at $226,000. Finally, Entropy Technologies LP bought a new position in Robert Half during the first quarter valued at about $900,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Company Profile

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.