Robert Half (RHI) Set to Announce Quarterly Earnings on Tuesday

Robert Half (NYSE:RHI) will post its earnings data after the market closes on Tuesday, October 22nd. Analysts expect Robert Half to post earnings of $0.63 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. On average, analysts expect Robert Half to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Robert Half Stock Performance

NYSE:RHI opened at $66.31 on Friday. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 19.85 and a beta of 1.23. Robert Half has a one year low of $57.05 and a one year high of $88.39. The stock has a 50-day simple moving average of $64.34 and a 200 day simple moving average of $65.84.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were given a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.20%. Robert Half’s payout ratio is 63.47%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RHI. BMO Capital Markets reduced their price objective on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Truist Financial decreased their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Finally, Barclays dropped their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.86.

Insider Activity

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the transaction, the director now owns 13,342 shares in the company, valued at approximately $841,746.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.00% 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.