Zacks Research Decreases Earnings Estimates for Robert Half

Robert Half Inc. (NYSE:RHI) – Investment analysts at Zacks Research dropped their FY2024 earnings estimates for shares of Robert Half in a report released on Monday, November 11th. Zacks Research analyst R. Department now expects that the business services provider will earn $2.43 per share for the year, down from their prior forecast of $2.52. The consensus estimate for Robert Half’s current full-year earnings is $2.46 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS.

RHI has been the subject of several other research reports. BMO Capital Markets reduced their price objective on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Barclays reduced their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. lowered their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Truist Financial reduced their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Hold” and a consensus target price of $69.00.

Robert Half Stock Up 0.7 %

NYSE RHI opened at $76.25 on Tuesday. The stock has a market capitalization of $7.87 billion, a PE ratio of 27.83 and a beta of 1.23. Robert Half has a 12-month low of $57.05 and a 12-month high of $88.39. The company has a 50 day moving average price of $66.87 and a two-hundred day moving average price of $65.52.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew 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 worth $25,000 after acquiring an additional 323 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Robert Half during the 3rd quarter valued at $27,000. Reston Wealth Management LLC bought a new stake in Robert Half in the 3rd quarter valued at $34,000. Versant Capital Management Inc acquired a new stake in Robert Half in the 2nd quarter worth $35,000. Finally, Family Firm Inc. bought a new position in shares of Robert Half during the 2nd quarter worth about $45,000. 92.41% of the stock is owned by institutional investors.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.78%. Robert Half’s payout ratio is 77.37%.

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.