Robert Half Inc. (NYSE:RHI) saw an upside of 0.93% to close Friday at $74.65 after adding $0.69 on the day. The 5-day average trading volume is 520,620 shares of the company’s common stock. It has gained $76.13 in the past week and touched a new high 1 time within the past 5 days. An average of 1,098,780 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,066,662.
RHI’s 1-month performance is -8.56% or -$9.77 on its low of $70.64 reached on 07/26/23. The company’s shares have touched a 52-week low of $64.65 and high of $89.78, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, RHI has achieved 1.11% or $0.82 and has reached a new high 15 times. However, the current price is down -16.85% from the 52-week high price.
Insider Transactions
RHI stock investors last saw insider trading activity on Aug 08.Kempthorne Dirk A (Director) most recently sold 2,050 shares at $74.15 per share on Aug 08. This transaction cost the insider $151,998. Executive Vice President, GLASS ROBERT W, sold 12,500 shares at a price of $80.94 on Mar 03. Then, on Feb 22, Director Kempthorne Dirk A sold 3,456 shares at a price of $80.54 per share. This transaction amounted to $278,338.
Valuation Metrics
RHI stock has a beta of 1.30. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.15 while the price-to-book (PB) in the most recent quarter is 4.87, with the price to cash flow ratio at 11.59.
Robert Half Inc.’s quick ratio for the period ended June 29 was 1.90, with the current ratio over the same period at 1.90. In terms of profitability, the gross margin trailing 12 months is 41.30%. The trailing 12-month EBITDA margin is 14.15% while for the period ending June 29, Robert Half Inc.’s operating margin was 10.60%. The firm’s gross profit as reported stood at $3.09 billion against revenue of $7.24 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -65.42% to $106.29 million, while revenue of $122.01 million was -14.79% off the previous quarter. Analysts expected RHI to announce $1.14 per share in earnings in its latest quarter, but it posted $1, representing a -12.30% surprise. EBITDA for the quarter stood at more than $167.27 million. RHI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.44 billion, with total debt at $218.27 million. Shareholders hold equity totaling $107.08 million.
Let’s look briefly at Robert Half Inc. (RHI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 41.46% to suggest the stock is trending Neutral, with historical volatility in this time period at 11.43%.
The stock’s 5-day moving average is $74.72, reflecting a -2.02% or -$1.54 change from its current price. RHI is currently trading -5.07% above its 20-day SMA, -2.03% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.67% and SMA200 by-2.37%.
Stochastic %K and %D was 37.54% and 44.71% and the average true range (ATR) pointed at 1.59. The RSI (14) points at 44.36%, while the 14-day stochastic is at 47.20% with the period’s ATR at 1.75. The stock’s 9-day MACD Oscillator is pointing at -1.11 and -0.96 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Robert Half Inc. (NYSE: RHI), Redburn launched coverage with a Neutral rating. Analysts offering their rating for RHI stock have a consensus rating for the stock as Hold. Currently, 6 brokerage advisors rate RHI as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 1 have offered a “buy” rating.
What is RHI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $53.00 and a high of $100.00, with their median price target at $70.00. Looking at these predictions, the average price target given by analysts is for Robert Half Inc. (RHI) stock is $71.58.
