Robert Half Inc. (NYSE: RHI) is facing a downward revision in its earnings outlook for the first quarter of 2026, according to a report released by William Blair on October 23, 2023. Analyst T. Romeo now estimates that the business services provider will generate earnings of $0.11 per share, a significant decrease from the previous estimate of $0.32 per share.
The consensus estimate for Robert Half’s earnings for the full year currently stands at $2.48 per share. In addition to the Q1 forecast, William Blair has projected earnings of $0.28 per share for Q2 2026, $0.43 for Q3 2026, $0.38 for Q4 2026, $1.20 for the full fiscal year 2026, and $1.99 for fiscal year 2027.
Several other financial firms have recently weighed in on Robert Half’s stock. On October 21, Zacks Research upgraded its rating from “strong sell” to “hold.” Similarly, Wall Street Zen changed its rating from “sell” to “hold” on August 3. JPMorgan Chase & Co. reduced its target price from $47.00 to $45.00 while maintaining a “neutral” rating on July 24. On the same day as William Blair’s report, BMO Capital Markets lowered its target price from $36.00 to $31.00 and assigned a “market perform” rating. Lastly, Truist Financial adjusted its target price from $55.00 to $50.00, while keeping a “buy” rating.
Currently, one analyst has rated Robert Half with a Buy rating, while six have assigned a Hold rating, and three have given a Sell rating. According to data from MarketBeat, the average rating for the company is “Reduce,” with an average target price of $38.25.
Current Stock Performance and Earnings Report
On October 23, Robert Half’s stock opened at $29.15, reflecting a decline of 0.6%. The firm’s 50-day simple moving average stands at $34.24, while the 200-day simple moving average is $39.67. With a market capitalization of $2.97 billion, the company currently has a price-to-earnings ratio of 18.93 and a beta value of 1.02. Over the past year, Robert Half has recorded a 12-month low of $26.99 and a high of $78.41.
In its most recent earnings report, released on October 22, Robert Half reported earnings of $0.43 per share, aligning with analysts’ expectations. The company reported revenue of $1.35 billion, slightly below the anticipated $1.36 billion. For the quarter, Robert Half achieved a net margin of 2.85% and a return on equity of 11.76%. This marked a 7.5% decline in quarterly revenue compared to the same period last year, when the firm reported earnings of $0.64 per share.
Looking ahead, Robert Half has provided guidance for Q4 2025, estimating earnings between $0.250 and $0.350 per share.
Institutional Investments and Dividend Announcements
Institutional investors have recently adjusted their stakes in Robert Half. Manchester Capital Management LLC increased its holdings by 45.0% in the first quarter, now owning 825 shares valued at $45,000. Strengthening Families & Communities LLC raised its stake by 11.9% in the second quarter, owning 2,479 shares worth $102,000 after acquiring an additional 263 shares. Pinnacle Financial Partners Inc. grew its stake by 0.8% in the third quarter, now holding 46,008 shares valued at $1.563 million.
Additionally, Quarry LP expanded its position by 540.8% in the first quarter, owning 487 shares worth $27,000. Janney Montgomery Scott LLC increased its holdings by 9.4% in the second quarter, owning 4,952 shares valued at $203,000. Overall, institutional investors hold 92.41% of the company’s shares.
In terms of dividends, Robert Half recently announced a quarterly dividend of $0.59 per share, which was paid on September 15. Shareholders of record on August 25 received this dividend, representing an annualized rate of $2.36 and a dividend yield of 8.1%. The ex-dividend date for this payment was also August 25, with the company’s current payout ratio at 153.25%.
Robert Half Inc. offers talent solutions and business consulting services across multiple regions, including North America, South America, Europe, Asia, and Australia. The company operates through various segments, including Contract Talent Solutions and Permanent Placement Talent Solutions, catering to diverse fields such as finance, accounting, technology, marketing, legal, and customer support.
