How are energy investors positioned?
In a year marked by significant volatility, Robert Half International (NYSE:RHI) stock has registered a new 52-week low, dipping to $44.77. The staffing firm, known for its specialized staffing and risk consulting services, has faced a tough market environment, reflecting a broader downturn that has impacted many sectors. Despite the challenges, the company maintains strong fundamentals with a healthy current ratio of 1.66 and more cash than debt on its balance sheet, according to InvestingPro data. Over the past year, RHI’s stock has seen a substantial decline, with a 1-year change showing a decrease of -36.48%. While this downturn highlights current challenges, the company offers a notable 5.2% dividend yield and has maintained dividend increases for 21 consecutive years. InvestingPro analysis suggests the stock is currently undervalued, with 13 additional ProTips available to subscribers, offering deeper insights into RHI’s investment potential.
In other recent news, Robert Half International reported fourth-quarter 2024 earnings that fell short of Wall Street expectations, with an earnings per share (EPS) of $0.53, compared to the consensus estimate of $0.55. Revenue for the quarter was $1.38 billion, missing the anticipated $1.41 billion. Despite these results, Protiviti, Robert Half’s consulting division, experienced year-over-year revenue growth for the second consecutive quarter. Analyst Andrew C. Steinerman from JPMorgan responded by lowering the price target for Robert Half to $65.00 from $69.00, maintaining a Neutral rating. Meanwhile, Jefferies analyst Stephanie Moore raised the price target to $56.00 from $53.00, while keeping an Underperform rating. Protiviti’s recent establishment of an AI innovation studio in Chicago aims to further bolster its capabilities in artificial intelligence. The company remains optimistic about leveraging increased U.S. business confidence post-elections and anticipates modest improvement in first-quarter 2025 revenues.
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