Robert Half Inc. (NYSE:RHI) Receives Consensus Recommendation of “Reduce” from Brokerages

Robert Half Inc. (NYSE:RHI) has been assigned an average rating of “Reduce” from the ten ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $31.75.

Several equities research analysts have recently commented on the company. William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Zacks Research downgraded Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. BMO Capital Markets decreased their price objective on Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. Barclays decreased their price objective on Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Finally, Weiss Ratings downgraded Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd.

Robert Half Stock Performance

Shares of RHI stock opened at $32.13 on Tuesday. The company has a market cap of $3.29 billion, a P/E ratio of 24.72 and a beta of 0.84. The stock has a 50 day simple moving average of $27.50 and a two-hundred day simple moving average of $26.99. Robert Half has a fifty-two week low of $21.83 and a fifty-two week high of $43.82.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. On average, research analysts predict that Robert Half will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.59 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.36 annualized dividend and a dividend yield of 7.3%. Robert Half’s payout ratio is currently 181.54%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in shares of Robert Half by 24.8% during the third quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock valued at $262,953,000 after buying an additional 1,537,245 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Robert Half by 0.3% during the third quarter. Capital Research Global Investors now owns 5,971,698 shares of the business services provider’s stock valued at $202,918,000 after buying an additional 15,815 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of Robert Half by 35.8% during the first quarter. Pzena Investment Management LLC now owns 5,966,734 shares of the business services provider’s stock valued at $151,555,000 after buying an additional 1,571,883 shares during the last quarter. Capital World Investors boosted its position in shares of Robert Half by 36.0% during the fourth quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after buying an additional 1,561,146 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Robert Half by 2.7% during the second quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock valued at $200,055,000 after buying an additional 127,322 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.