Robert Half (NYSE:RHI) Releases Earnings Results, Beats Estimates By $0.02 EPS

Robert Half (NYSE:RHI) announced its earnings results on Thursday. The business services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02, FiscalAI reports. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share.

Robert Half Stock Up 9.0%

NYSE RHI traded up $3.11 during trading hours on Thursday, reaching $37.75. The company’s stock had a trading volume of 2,892,049 shares, compared to its average volume of 2,596,396. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 32.83 and a beta of 0.84. Robert Half has a 1 year low of $21.83 and a 1 year high of $46.70. The firm’s 50-day moving average price is $38.87 and its 200-day moving average price is $34.08.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Tuesday, August 25th. Robert Half’s dividend payout ratio is presently 205.22%.

Analysts Set New Price Targets

RHI has been the topic of several research reports. Weiss Ratings lowered shares of Robert Half from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. The Goldman Sachs Group boosted their price objective on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Friday, July 24th. Truist Financial raised their target price on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective on the stock in a report on Monday, July 27th. Finally, Robert W. Baird set a $47.00 price target on Robert Half in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.75.

Robert Half Company Profile

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.