Robert Half (NYSE:RHI) Releases Earnings Results, Hits Estimates

by · The Cerbat Gem

Robert Half (NYSE:RHI – Get Free Report) released its quarterly earnings results on Thursday. The business services provider reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14, FiscalAI reports. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company posted $0.17 EPS. Robert Half’s revenue for the quarter was down 3.8% on a year-over-year basis.

Here are the key takeaways from Robert Half’s conference call:

  • Q1 results — global revenues were $1.3 billion (down 4% reported, 6% adjusted) and GAAP EPS fell to $0.14 from $0.17, with a seasonally elevated 56% tax rate driven by vested stock-based compensation that management says will normalize.
  • Talent Solutions is showing improving momentum — second consecutive quarter of positive same-day constant-currency sequential growth, March exited materially better than the quarter and early April was nearly flat; contract bill rates rose 2.6% YoY and management expects Q3 YoY growth of 1%-3%.
  • Q2 guidance calls for revenue of $1.275B–$1.375B and EPS $0.20–$0.30 ($0.23–$0.33 ex a $0.03 one-time severance), with the midpoint implying about a 4% adjusted revenue decline YoY while assuming continued Talent Solutions sequential improvement.
  • Protiviti headwinds — adjusted Q1 revenues were down 4% (U.S. down 6%) due to reduced U.S. financial-services enforcement work, and the company will take a $5 million Q2 severance charge (~$0.03 per share) as part of realignment.
  • Cost actions at Protiviti are expected to cut roughly $30 million annually (completed by Q3), which management says will drive Q3 Protiviti adjusted margins to about 7%–9% and help return the segment to year-over-year income growth.

Robert Half Trading Down 7.8%

Shares of NYSE RHI opened at $27.16 on Friday. Robert Half has a one year low of $21.83 and a one year high of $48.54. The firm has a market capitalization of $2.78 billion, a PE ratio of 20.42 and a beta of 0.85. The business has a 50-day moving average price of $24.84 and a two-hundred day moving average price of $27.19.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.59 per share. The ex-dividend date was Wednesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 8.7%. Robert Half’s dividend payout ratio (DPR) is presently 177.44%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RHI shares. William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday. The Goldman Sachs Group increased their price target on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research report on Tuesday, February 3rd. Truist Financial increased their price target on Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 30th. BMO Capital Markets decreased their price target on Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Tuesday, February 17th. Finally, Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Robert Half has a consensus rating of “Reduce” and an average target price of $31.75.

View Our Latest Stock Report on Robert Half

Institutional Investors Weigh In On Robert Half

A number of institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in Robert Half by 24.8% during the 3rd quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock worth $262,953,000 after acquiring an additional 1,537,245 shares during the period. State Street Corp boosted its position in Robert Half by 2.7% during the 2nd quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock worth $200,055,000 after acquiring an additional 127,322 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Robert Half by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,981,198 shares of the business services provider’s stock worth $108,129,000 after acquiring an additional 131,035 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Robert Half by 112.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,079,623 shares of the business services provider’s stock worth $56,483,000 after acquiring an additional 1,100,008 shares during the period. Finally, Invesco Ltd. boosted its position in Robert Half by 49.2% during the 4th quarter. Invesco Ltd. now owns 1,933,796 shares of the business services provider’s stock worth $52,522,000 after acquiring an additional 638,084 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half News Summary

Here are the key news stories impacting Robert Half this week:

  • Positive Sentiment: William Blair upgraded Robert Half, providing a near-term vote of confidence from an analyst that can support the stock. William Blair upgrades Robert Half (RHI)
  • Positive Sentiment: Analysis pieces note Robert Half is well‑financed with a debt‑free balance sheet, which limits financial risk and supports buyback/capital allocation optionality. Robert Half: Well‑Financed With A Debt‑Free Balance Sheet
  • Neutral Sentiment: Third‑party summaries and press releases confirm Q1 results: EPS matched estimates at $0.14, and management provided the formal report. Useful for details but not market-moving by itself. ROBERT HALF REPORTS FIRST-QUARTER FINANCIAL RESULTS
  • Neutral Sentiment: Earnings coverage notes headline EPS matched expectations and revenue was broadly in line with consensus commentary; this frames the quarter as steady on profits but not a growth beat. MSN: Revenue in line with expectations
  • Neutral Sentiment: The earnings call transcript provides management commentary and detail on segment performance and outlook—helpful for assessing whether weakness is cyclical or structural. Investors should read the call for guidance color. Earnings Call Transcript
  • Negative Sentiment: Revenue missed aggregate Street expectations (reported ~$1.30B vs. ~$1.34B expected) and was down ~3.8% year‑over‑year; EPS also declined versus the year‑ago quarter—these top‑line and margin pressures are the main drivers of the share price decline. MarketBeat: Q1 results and details
  • Negative Sentiment: Market commentary flags that a recovery in staffing demand is still a key risk; if corporate hiring stays soft, revenue growth could remain pressured, keeping investor sentiment weak. Investing.com: Staffing demand recovery test
  • Negative Sentiment: Quick earnings snapshots and analysis pieces emphasize the YoY decline in revenue and lower EPS versus last year, reinforcing downside pressure on the stock after the print. SFGate: Q1 Earnings Snapshot

Robert Half Company Profile

(Get Free Report)

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.

Read More