Brokers Offer Predictions for Robert Half FY2024 Earnings

Robert Half Inc. (NYSE:RHI) – Analysts at Zacks Research dropped their FY2024 EPS estimates for shares of Robert Half in a research report issued on Monday, November 11th. Zacks Research analyst R. Department now forecasts that the business services provider will earn $2.43 per share for the year, down from their prior estimate of $2.52. The consensus estimate for Robert Half’s current full-year earnings is $2.45 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.

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

Several other equities research analysts have also commented on RHI. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Barclays reduced their price objective on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. BMO Capital Markets dropped their target price 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 target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $69.00.

Robert Half Trading Up 0.5 %

NYSE:RHI opened at $76.80 on Tuesday. Robert Half has a 12 month low of $57.05 and a 12 month high of $88.39. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 28.03 and a beta of 1.23. The company has a 50-day moving average price of $67.47 and a 200-day moving average price of $65.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UniSuper Management Pty Ltd increased its stake in Robert Half by 671.3% in the first quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock valued at $978,000 after purchasing an additional 10,741 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Robert Half by 10.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,356 shares of the business services provider’s stock worth $9,700,000 after purchasing an additional 11,124 shares during the period. iA Global Asset Management Inc. raised its stake in Robert Half by 167.3% during the first quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider’s stock worth $1,698,000 after acquiring an additional 13,404 shares during the period. Russell Investments Group Ltd. raised its position in shares of Robert Half by 62.4% during the 1st quarter. Russell Investments Group Ltd. now owns 338,420 shares of the business services provider’s stock worth $26,823,000 after purchasing an additional 130,009 shares during the period. Finally, Cetera Investment Advisers increased its position in Robert Half by 69.6% in the first quarter. Cetera Investment Advisers now owns 64,729 shares of the business services provider’s stock worth $5,132,000 after buying an additional 26,561 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is currently 77.37%.

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.