Robert Half (NYSE:RHI) Hits New 1-Year Low – What’s Next?

Robert Half Inc. (NYSE:RHI)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $25.22 and last traded at $25.1410, with a volume of 1603954 shares. The stock had previously closed at $27.14.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RHI. Weiss Ratings reiterated a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. Truist Financial lifted their price target on shares of Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 30th. BNP Paribas Exane downgraded shares of Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research report on Friday, December 5th. BMO Capital Markets restated a “market perform” rating and set a $35.00 price objective on shares of Robert Half in a report on Monday, February 2nd. Finally, UBS Group reduced their target price on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $33.50.

Robert Half Stock Performance

The firm’s 50-day simple moving average is $28.30 and its 200 day simple moving average is $30.88. The stock has a market capitalization of $2.50 billion, a P/E ratio of 18.61 and a beta of 0.88.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.Robert Half’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Wednesday, February 25th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Wednesday, February 25th. Robert Half’s dividend payout ratio is currently 177.44%.

Institutional Trading of Robert Half

A number of institutional investors have recently bought and sold shares of RHI. Kestra Advisory Services LLC acquired a new stake in Robert Half during the fourth quarter worth about $117,000. Parkside Financial Bank & Trust raised its position in Robert Half by 1,095.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,415 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 2,213 shares during the last quarter. Marshall Wace LLP bought a new position in Robert Half in the 4th quarter valued at approximately $1,639,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Robert Half by 4.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 20,490 shares of the business services provider’s stock worth $557,000 after purchasing an additional 850 shares during the period. Finally, Inspire Advisors LLC grew its stake in shares of Robert Half by 5.0% in the fourth quarter. Inspire Advisors LLC now owns 14,059 shares of the business services provider’s stock worth $382,000 after purchasing an additional 669 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.