Robert Half Inc. (NYSE:RHI) Declares $0.59 Quarterly Dividend

Robert Half Inc. (NYSE:RHI) declared a quarterly dividend on Thursday, February 12th. Investors of record on Wednesday, February 25th will be paid a dividend of 0.59 per share by the business services provider on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Wednesday, February 25th.

Robert Half has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 22 years. Robert Half has a dividend payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Robert Half to earn $3.57 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 66.1%.

Robert Half Trading Down 6.4%

Shares of RHI opened at $25.41 on Friday. Robert Half has a twelve month low of $24.45 and a twelve month high of $61.16. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 19.11 and a beta of 0.88. The firm’s fifty day simple moving average is $28.35 and its 200-day simple moving average is $30.98.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. Robert Half had a net margin of 2.47% and a return on equity of 10.20%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. The company’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that Robert Half will post 2.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on RHI. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. UBS Group reduced their target price on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, October 23rd. Barclays lowered their price target on Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Truist Financial upped their price objective on Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, BNP Paribas Exane downgraded Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research note on Friday, December 5th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $33.50.

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.