Robert Half Inc. (NYSE:RHI) Given Consensus Recommendation of “Reduce” by Analysts

Robert Half Inc. (NYSE:RHI) has earned an average rating of “Reduce” from the ten ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $31.75.

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a research note on Tuesday, February 3rd. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Barclays cut their price objective on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. Finally, William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st.

Institutional Investors Weigh In On Robert Half

A number of institutional investors have recently made changes to their positions in the business. Glenmede Trust Co. NA purchased a new stake in shares of Robert Half in the 1st quarter valued at $259,000. Arete Wealth Advisors LLC purchased a new stake in shares of Robert Half in the 1st quarter valued at $382,000. Kentucky Retirement Systems purchased a new stake in shares of Robert Half in the 1st quarter valued at $291,000. Bull Harbor Capital LLC purchased a new stake in shares of Robert Half in the 1st quarter valued at $293,000. Finally, Amundi raised its holdings in Robert Half by 60.7% during the 1st quarter. Amundi now owns 33,920 shares of the business services provider’s stock valued at $862,000 after buying an additional 12,817 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

RHI stock opened at $26.95 on Friday. Robert Half has a one year low of $21.83 and a one year high of $46.69. The stock has a market cap of $2.76 billion, a PE ratio of 20.73 and a beta of 0.80. The firm has a 50 day simple moving average of $25.72 and a two-hundred day simple moving average of $26.61.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company earned $0.17 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, research analysts expect that Robert Half will post 1.29 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 22nd will be paid a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.8%. Robert Half’s dividend payout ratio is 181.54%.

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.