Robert Half (NYSE:RHI) Posts Earnings Results, Beats Expectations By $0.01 EPS

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

Robert Half Stock Performance

RHI opened at $69.35 on Friday. The stock has a market capitalization of $7.29 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 17.24 and a beta of 1.26. The stock’s 50 day moving average price is $76.99 and its 200-day moving average price is $79.41. Robert Half has a 52-week low of $64.65 and a 52-week high of $88.39.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a $0.53 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.12 annualized dividend and a yield of 3.06%. This is a boost from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective on the stock in a research note on Monday, April 22nd. Robert W. Baird reduced their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, BMO Capital Markets lowered their price objective on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Hold” and a consensus target price of $68.14.

Insider Buying and Selling

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 transaction of $603,450.00. Following the transaction, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

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.