Zacks Research Comments on Robert Half Inc.’s Q4 2024 Earnings (NYSE:RHI)

Robert Half Inc. (NYSE:RHI) – Stock analysts at Zacks Research upped their Q4 2024 earnings per share (EPS) estimates for Robert Half in a research note issued on Wednesday, April 24th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings per share of $1.06 for the quarter, up from their prior forecast of $1.00. The consensus estimate for Robert Half’s current full-year earnings is $3.34 per share. Zacks Research also issued estimates for Robert Half’s Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $1.05 EPS, FY2025 earnings at $3.67 EPS and Q1 2026 earnings at $0.74 EPS.

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

Other equities analysts have also issued research reports about the company. BMO Capital Markets lowered their price target on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $68.57.

Robert Half Stock Down 0.0 %

NYSE RHI opened at $71.50 on Thursday. Robert Half has a 52-week low of $64.65 and a 52-week high of $88.39. The business’s 50-day moving average price is $77.64 and its 200 day moving average price is $79.55. The firm has a market cap of $7.52 billion, a P/E ratio of 18.48, a P/E/G ratio of 17.83 and a beta of 1.26.

Institutional Investors Weigh In On Robert Half

Institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in shares of Robert Half by 55.0% during the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after acquiring an additional 149 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Robert Half during the 3rd quarter worth approximately $39,000. CoreFirst Bank & Trust boosted its stake in shares of Robert Half by 440.0% during the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after acquiring an additional 440 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Robert Half during the 3rd quarter worth approximately $43,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Robert Half during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Insider Buying and Selling at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Thursday, February 22nd. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s payout ratio is currently 54.78%.

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.