Equities research analysts at William Blair have revised their earnings estimates for Robert Half Inc. (NYSE: RHI), projecting a decline for the fiscal year 2025. In a research note released on October 23, 2023, analyst T. Romeo adjusted the expected earnings per share (EPS) from $1.37 to $1.31. The consensus estimate for Robert Half’s full-year earnings currently stands at $2.48 per share.
William Blair also provided insights for Robert Half’s fourth-quarter earnings, estimating an EPS of $0.30. Other investment firms have similarly reassessed their positions regarding the company. Truist Financial lowered its target price from $55.00 to $50.00, while maintaining a “buy” rating. Meanwhile, Barclays adjusted its price target down from $45.00 to $36.00, assigning an “equal weight” rating.
Analysts have shown cautious sentiment towards Robert Half’s stock, with The Goldman Sachs Group reducing their target price from $31.00 to $27.00 and issuing a “sell” rating. Similarly, JPMorgan Chase & Co. decreased their price target from $47.00 to $45.00, maintaining a “neutral” stance. Lastly, BMO Capital Markets lowered its target price from $36.00 to $31.00, suggesting a “market perform” rating.
As it stands, one analyst has rated Robert Half with a “buy,” while six have assigned a “hold” rating, and three have given a “sell” rating. According to data from MarketBeat, the company currently holds a consensus rating of “reduce” with an average price target of $38.25.
Current Stock Performance and Financial Highlights
On October 23, 2023, Robert Half’s stock opened at $29.26. The company’s 50-day moving average price is $34.66, and the 200-day moving average price is $40.21. Over the past year, Robert Half has experienced a low of $26.99 and a high of $78.41. The firm currently has a market capitalization of $2.98 billion, a price-to-earnings (P/E) ratio of 19.00, and a beta of 1.02.
In its most recent quarterly earnings report, released on October 22, 2023, Robert Half reported earnings of $0.43 per share, meeting analysts’ expectations. The company achieved revenue of $1.35 billion, slightly below the forecast of $1.36 billion. This reflects a decline of 7.5% compared to the same quarter in the previous year, when the company earned $0.64 per share.
For the fourth quarter of 2025, Robert Half has issued guidance indicating an expected EPS range of $0.250 to $0.350.
Dividend and Institutional Investor Activity
Robert Half also announced a quarterly dividend of $0.59 per share, which was paid on September 15, 2023, to shareholders of record as of August 25, 2023. This results in an annualized dividend of $2.36 and a dividend yield of 8.1%. The company’s dividend payout ratio currently stands at 134.86%.
Recent movements by institutional investors indicate growing interest in Robert Half. Notably, Manchester Capital Management LLC increased its position by 45.0% in the first quarter, now holding 825 shares valued at approximately $45,000. Other firms, such as Strengthening Families & Communities LLC and Quarry LP, have also bolstered their stakes, reflecting a trend where hedge funds and institutional investors own approximately 92.41% of the company’s shares.
As Robert Half navigates this challenging landscape, its ability to adapt and respond to analyst feedback will be critical in shaping its future performance and investor confidence.
