Robert Half (NYSE:RHI) Releases Earnings Results, Misses Estimates By $0.01 EPS

Robert Half (NYSE:RHI) posted its quarterly earnings data on Wednesday. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01), Zacks reports. Robert Half had a return on equity of 16.87% and a net margin of 4.34%.

Robert Half Trading Up 1.2 %

NYSE:RHI traded up $0.76 on Friday, hitting $65.35. The company’s stock had a trading volume of 223,288 shares, compared to its average volume of 1,121,598. The firm has a market capitalization of $6.75 billion, a P/E ratio of 26.76 and a beta of 1.24. The stock has a fifty day moving average of $71.59 and a two-hundred day moving average of $67.92. Robert Half has a one year low of $57.05 and a one year high of $83.25.

Analyst Ratings Changes

Several brokerages recently commented on RHI. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and boosted their price target for the company from $62.00 to $90.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. cut their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday. BNP Paribas cut Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a report on Monday, December 16th. Finally, Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. One equities research analyst has 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 data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.67.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the transaction, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.