Robert Half (RHI) Set to Announce Earnings on Thursday

Robert Half (NYSE:RHI) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Robert Half has set its Q1 2024 guidance at 0.540-0.680 EPS and its Q1 guidance at $0.54-0.68 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The company’s revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the business posted $1.37 earnings per share. On average, analysts expect Robert Half to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Robert Half Trading Up 1.8 %

NYSE RHI opened at $71.50 on Tuesday. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 17.51 and a beta of 1.26. The company has a 50 day moving average of $78.01 and a 200-day moving average of $79.59. Robert Half has a 1-year low of $64.65 and a 1-year high of $88.39.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.53 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.12 annualized dividend and a dividend yield of 2.97%. Robert Half’s dividend payout ratio (DPR) is presently 54.78%.

Insider Buying and Selling at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the transaction, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a research note on Monday. BMO Capital Markets decreased their price target on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and a consensus price target of $68.57.

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.