Q4 2024 EPS Estimates for Robert Half Inc. Boosted by Analyst (NYSE:RHI)

Robert Half Inc. (NYSE:RHI) – Analysts at Zacks Research boosted their Q4 2024 earnings per share estimates for shares of Robert Half in a research report issued to clients and investors on Wednesday, April 24th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings per share of $1.06 for the quarter, up from their previous estimate 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.

A number of other equities analysts have also recently issued reports on RHI. BMO Capital Markets lowered their target price on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Robert W. Baird lowered their target price on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday. Finally, Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.14.

Robert Half Trading Down 1.8 %

RHI stock opened at $69.35 on Thursday. The stock has a 50-day moving average price of $77.22 and a two-hundred day moving average price of $79.44. The stock has a market cap of $7.29 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 17.82 and a beta of 1.26. Robert Half has a 1 year low of $64.65 and a 1 year high of $88.39.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The company’s revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were issued a $0.53 dividend. This is a boost 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 3.06%. Robert Half’s dividend payout ratio (DPR) is presently 54.78%.

Insider Activity

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

Hedge Funds Weigh In On Robert Half

Hedge funds have recently modified their holdings of the stock. Capital World Investors grew its holdings in Robert Half by 6.7% during the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after purchasing an additional 917,311 shares during the period. Boston Partners grew its holdings in Robert Half by 36.5% during the fourth quarter. Boston Partners now owns 3,270,365 shares of the business services provider’s stock worth $287,265,000 after purchasing an additional 874,620 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Robert Half by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,634,682 shares of the business services provider’s stock worth $193,069,000 after purchasing an additional 57,130 shares during the period. Fiduciary Management Inc. WI grew its holdings in Robert Half by 3.4% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock worth $170,921,000 after purchasing an additional 64,114 shares during the period. Finally, Northern Trust Corp grew its holdings in Robert Half by 10.1% during the third quarter. Northern Trust Corp now owns 1,792,144 shares of the business services provider’s stock worth $131,328,000 after purchasing an additional 164,517 shares during the period. Institutional investors own 92.41% of the company’s stock.

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.