Analysts Offer Predictions for Robert Half FY2025 Earnings

Robert Half Inc. (NYSE:RHI) – Equities researchers at William Blair reduced their FY2025 earnings estimates for Robert Half in a research report issued on Wednesday, October 23rd. William Blair analyst T. Romeo now expects that the business services provider will post earnings of $2.72 per share for the year, down from their prior estimate of $3.12. The consensus estimate for Robert Half’s current full-year earnings is $2.51 per share.

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

RHI has been the topic of several other research reports. Truist Financial dropped their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Barclays dropped their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. 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 research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Robert Half has an average rating of “Hold” and a consensus target price of $67.71.

Robert Half Stock Performance

RHI opened at $67.68 on Friday. The company has a fifty day moving average of $64.98 and a two-hundred day moving average of $65.62. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 20.26 and a beta of 1.23.

Hedge Funds Weigh In On Robert Half

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Robert Half by 3.0% during the first quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider’s stock worth $1,014,410,000 after purchasing an additional 366,978 shares during the period. Boston Partners raised its stake in Robert Half by 14.7% during the first quarter. Boston Partners now owns 3,749,749 shares of the business services provider’s stock worth $296,963,000 after purchasing an additional 479,384 shares during the period. Mawer Investment Management Ltd. raised its stake in Robert Half by 105.4% during the first quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock worth $289,818,000 after purchasing an additional 1,875,476 shares during the period. Pacer Advisors Inc. raised its stake in shares of Robert Half by 54.7% in the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after acquiring an additional 575,879 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Robert Half by 101.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after acquiring an additional 786,031 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.13%. Robert Half’s payout ratio is presently 63.47%.

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.