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

Robert Half Inc. (NYSE:RHI) declared a quarterly dividend on Wednesday, May 1st, RTT News reports. Shareholders of record on Friday, May 24th will be paid a dividend of 0.53 per share by the business services provider on Friday, June 14th. This represents a $2.12 dividend on an annualized basis and a yield of 3.06%.

Robert Half has raised its dividend payment by an average of 12.2% per year over the last three years and has increased its dividend annually for the last 20 consecutive years.

Robert Half Stock Up 0.2 %

Shares of RHI opened at $69.25 on Thursday. The stock’s fifty day simple moving average is $76.34 and its 200-day simple moving average is $79.26. The firm has a market capitalization of $7.28 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 3.14 and a beta of 1.30. Robert Half has a 12-month low of $64.65 and a 12-month high of $88.39.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. Analysts anticipate that Robert Half will post 3.08 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on RHI shares. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a research report on Monday, April 22nd. Robert W. Baird lowered their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, BMO Capital Markets reduced their price objective 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Robert Half currently has an average rating of “Hold” and a consensus target price of $68.14.

Insiders Place Their Bets

In other news, EVP Robert W. Glass sold 7,500 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total transaction of $603,450.00. Following the completion of the sale, the executive vice president now 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.