Robert Half (NYSE:RHI) Posts Earnings Results, Misses Expectations By $0.01 EPS

Robert Half (NYSE:RHI) posted its earnings results on Wednesday. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01), Zacks reports. Robert Half had a net margin of 4.84% and a return on equity of 18.78%.

Robert Half Trading Down 1.6 %

Shares of RHI opened at $69.19 on Thursday. The business’s 50-day moving average price is $71.77 and its 200 day moving average price is $67.94. The stock has a market capitalization of $7.14 billion, a P/E ratio of 25.25 and a beta of 1.24. Robert Half has a 1-year low of $57.05 and a 1-year high of $83.25.

Analyst Ratings Changes

RHI has been the subject of a number of research analyst reports. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and lifted their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. BNP Paribas lowered Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Robert Half has an average rating of “Hold” and an average price target of $74.33.

Insider Activity

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the transaction, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.

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.