Robert Half Inc. (RHI)

Q2 2024 Earnings Forecast for Robert Half Inc. (NYSE:RHI) Issued By Zacks Research

Robert Half Inc. (NYSE:RHI – Free Report) – Zacks Research cut their Q2 2024 earnings estimates for shares of Robert Half in a research note issued on Thursday, May 16th. Zacks Research analyst R. Department now expects that the business services provider will post earnings of $0.72 per share for the quarter, down from their previous forecast of $0.79. The consensus estimate for Robert Half’s current full-year earnings is $2.92 per share. Zacks Research also issued estimates for Robert Half’s Q3 2024 earnings at $0.78 EPS, Q4 2024 earnings at $0.81 EPS, FY2024 earnings at $2.92 EPS, Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.98 EPS, Q3 2025 earnings at $1.11 EPS, FY2025 earnings at $3.71 EPS and FY2026 earnings at $4.29 EPS. Robert Half (NYSE:RHI – Get Free Report) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The business’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. RHI has been the subject of several other research reports. BMO Capital Markets cut their price target on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. StockNews.com raised shares of Robert Half from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Robert W. Baird cut their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.14. Get Our Latest Report on RHI Robert Half Price Performance NYSE:RHI opened at $70.87 on Monday. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 3.33 and a beta of 1.30. The company has a 50 day moving average price of $74.00 and a 200-day moving average price of $78.99. Robert Half has a 1-year low of $64.65 and a 1-year high of $88.39. Institutional Trading of Robert Half A number of large investors have recently made changes to their positions in RHI. Fidelis Capital Partners LLC purchased a new stake in shares of Robert Half during the first quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its holdings in Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 149 shares in the last quarter. Larson Financial Group LLC acquired a new position in Robert Half in the third quarter valued at approximately $39,000. CoreFirst Bank & Trust boosted its holdings in Robert Half by 440.0% in the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 440 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in Robert Half in the third quarter valued at approximately $43,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors. Insider Buying and Selling at Robert Half In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the transaction, the executive vice president now owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total transaction of $154,714.86. Following the sale, the director now directly owns 10,713 shares in the company, valued at $746,267.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders. Robert Half Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.12 annualized dividend and a dividend yield of 2.99%. Robert Half’s payout ratio is 63.47%. Robert Half Company Profile (Get Free Report) 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. See Also Five stocks we like better than Robert Half The How And Why of Investing in Oil Stocks MarketBeat Week in Review – 5/13 – 5/17 How to Invest in Biotech Stocks Take-Two Interactive Software Offers 2nd Chance for Investors Top Stocks Investing in 5G Technology Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook