Robert Half Inc. (NYSE:RHI) Receives $48.71 Consensus Target Price from Analysts

Robert Half Inc. (NYSE:RHI) has earned an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $48.71.

A number of analysts have recently commented on the company. Truist Financial set a $55.00 price objective on Robert Half and gave the stock a “buy” rating in a research note on Thursday, April 24th. BNP Paribas Exane cut shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Friday, May 2nd. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. BNP Paribas cut shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group reduced their target price on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a report on Thursday, April 24th.

Robert Half Trading Down 0.5%

RHI stock opened at $47.47 on Monday. The firm’s 50-day moving average is $49.24 and its two-hundred day moving average is $61.80. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 19.45 and a beta of 1.06. Robert Half has a 52 week low of $40.00 and a 52 week high of $78.41.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Robert Half’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. On average, equities research analysts predict that Robert Half will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Friday, May 23rd. Robert Half’s dividend payout ratio (DPR) is currently 118.00%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 313 shares during the last quarter. Headlands Technologies LLC acquired a new position in Robert Half during the fourth quarter worth $26,000. Signaturefd LLC increased its position in Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after buying an additional 239 shares during the last quarter. CX Institutional acquired a new stake in shares of Robert Half in the first quarter worth about $33,000. Finally, Eastern Bank bought a new stake in shares of Robert Half during the 4th quarter worth about $35,000. 92.41% of the stock is owned by institutional investors and hedge funds.

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.