FY2024 EPS Estimates for Robert Half Cut by William Blair

Robert Half Inc. (NYSE:RHI) – Analysts at William Blair lowered their FY2024 earnings per share (EPS) estimates for Robert Half in a research report issued to clients and investors on Wednesday, October 23rd. William Blair analyst T. Romeo now forecasts that the business services provider will post earnings per share of $2.46 for the year, down from their previous forecast of $2.55. The consensus estimate for Robert Half’s current full-year earnings is $2.51 per share. William Blair also issued estimates for Robert Half’s Q4 2024 earnings at $0.55 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.80 EPS and FY2026 earnings at $3.89 EPS.

A number of other equities analysts also recently commented on the company. Truist Financial decreased their price target 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. JPMorgan Chase & Co. lowered their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barclays decreased their price objective on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. Finally, BMO Capital Markets dropped their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Robert Half presently has an average rating of “Hold” and a consensus target price of $67.71.

Robert Half Trading Up 1.7 %

Robert Half stock opened at $68.75 on Thursday. Robert Half has a 52 week low of $57.05 and a 52 week high of $88.39. The stock has a market cap of $7.21 billion, a P/E ratio of 20.58 and a beta of 1.23. The stock has a 50 day moving average of $64.86 and a 200-day moving average of $65.67.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.08%. Robert Half’s dividend payout ratio (DPR) is currently 63.47%.

Insider Buying and Selling at Robert Half

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RHI. Wealth Enhancement Advisory Services LLC lifted its stake in Robert Half by 5.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 60,677 shares of the business services provider’s stock worth $4,810,000 after purchasing an additional 3,211 shares during the period. Grimes & Company Inc. boosted its stake in Robert Half by 4.0% in the 1st quarter. Grimes & Company Inc. now owns 225,508 shares of the business services provider’s stock valued at $17,878,000 after buying an additional 8,700 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Robert Half by 60.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,471 shares of the business services provider’s stock valued at $1,306,000 after acquiring an additional 6,187 shares during the period. Commonwealth Equity Services LLC raised its stake in Robert Half by 102.6% during the first quarter. Commonwealth Equity Services LLC now owns 13,545 shares of the business services provider’s stock worth $1,074,000 after acquiring an additional 6,858 shares in the last quarter. Finally, JLB & Associates Inc. lifted its holdings in shares of Robert Half by 1.2% during the first quarter. JLB & Associates Inc. now owns 54,690 shares of the business services provider’s stock valued at $4,336,000 after acquiring an additional 634 shares during the period. 92.41% of the stock is owned by institutional investors.

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.