Robert Half Inc. Announces Quarterly Dividend of $0.53 (NYSE:RHI)

Robert Half Inc. (NYSE:RHI) declared a quarterly dividend on Tuesday, October 29th, RTT News reports. Shareholders of record on Monday, November 25th will be given a dividend of 0.53 per share by the business services provider on Friday, December 13th. This represents a $2.12 annualized dividend and a yield of 3.04%.

Robert Half has increased its dividend payment by an average of 12.2% annually over the last three years and has increased its dividend annually for the last 21 consecutive years. Robert Half has a payout ratio of 72.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Robert Half to earn $3.22 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 65.8%.

Robert Half Price Performance

Shares of RHI stock traded up $0.35 during mid-day trading on Wednesday, hitting $69.79. The company had a trading volume of 27,162 shares, compared to its average volume of 1,413,506. The stock’s 50 day moving average price is $65.31 and its 200-day moving average price is $65.45. Robert Half has a 52-week low of $57.05 and a 52-week high of $88.39. The company has a market capitalization of $7.32 billion, a P/E ratio of 20.79 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced 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. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. On average, equities research analysts expect that Robert Half will post 2.51 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the transaction, the director now owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. BMO Capital Markets reduced their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Truist Financial lowered their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Barclays reduced their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. Finally, StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Robert Half currently has a consensus rating of “Hold” and a consensus price target of $67.71.

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.