Robert Half (NYSE:RHI) Releases Quarterly Earnings Results

Robert Half (NYSE:RHI) released its earnings results on Thursday. The business services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02, FiscalAI reports. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%. During the same period last year, the company earned $0.43 earnings per share.

Robert Half Trading Up 9.0%

Shares of NYSE RHI traded up $3.11 during midday trading on Thursday, reaching $37.75. The company had a trading volume of 2,892,049 shares, compared to its average volume of 2,596,396. The business’s 50-day simple moving average is $38.87 and its 200 day simple moving average is $34.08. Robert Half has a 1 year low of $21.83 and a 1 year high of $46.70. The stock has a market cap of $3.86 billion, a P/E ratio of 32.83 and a beta of 0.84.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is presently 205.22%.

Analyst Ratings Changes

RHI has been the topic of several research analyst reports. Robert W. Baird set a $47.00 price objective on Robert Half in a research note on Monday, July 27th. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings downgraded shares of Robert Half from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. Truist Financial lifted their price objective on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, BMO Capital Markets raised shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.75.

Robert Half Company Profile

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.