Robert Half FY2024 EPS Forecast Decreased by William Blair

Robert Half Inc. (NYSE:RHI) – Investment analysts at William Blair lowered their FY2024 earnings estimates for shares of Robert Half in a research report issued on Wednesday, October 23rd. William Blair analyst T. Romeo now anticipates that the business services provider will post earnings per share of $2.46 for the year, down from their previous estimate of $2.55. The consensus estimate for Robert Half’s current full-year earnings is $2.51 per share. William Blair also issued estimates for Robert Half’s Q4 2024 earnings at $0.55 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.80 EPS and FY2026 earnings at $3.89 EPS.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. Robert Half’s quarterly revenue was down 6.3% on a year-over-year basis.

A number of other research analysts have also recently issued reports on the stock. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barclays reduced their price objective 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. Truist Financial lowered their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. BMO Capital Markets lowered their target price on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.71.

Robert Half Stock Down 1.6 %

Shares of Robert Half stock opened at $67.68 on Thursday. The firm’s 50-day moving average price is $64.98 and its two-hundred day moving average price is $65.62. Robert Half has a 12-month low of $57.05 and a 12-month high of $88.39. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 20.26 and a beta of 1.23.

Hedge Funds Weigh In On Robert Half

Several institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after buying an additional 323 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Robert Half in the 1st quarter worth about $26,000. V Square Quantitative Management LLC bought a new stake in Robert Half in the 3rd quarter valued at about $27,000. Versant Capital Management Inc purchased a new stake in Robert Half during the second quarter valued at about $35,000. Finally, Family Firm Inc. bought a new position in Robert Half during the second quarter worth about $45,000. 92.41% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were given a dividend of $0.53 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.13%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

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.