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In a challenging economic climate, Robert Half International (NYSE:RHI) stock has recorded a 52-week low, dipping to $53.43. According to InvestingPro data, the company maintains strong financial health with a current ratio of 1.66 and more cash than debt on its balance sheet. The staffing firm, known for its specialized staffing and risk consulting services, has faced significant headwinds over the past year, reflected in a substantial 1-year change with a decrease of 33.1%. Despite these challenges, the company maintains a 4.36% dividend yield and has raised its dividend for 21 consecutive years. This downturn mirrors broader market trends, as companies reassess their workforce needs in response to shifting industry dynamics and a cooling job market. Investors and analysts are closely monitoring RHI’s performance for signs of stabilization or further decline as the company navigates through these turbulent times. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report covering over 1,400 US stocks.
In other recent news, Robert Half International reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $0.53, which fell short of analysts’ expectations of $0.55. The company’s revenue for the quarter was $1.382 billion, missing the forecasted $1.41 billion. Despite these results, Protiviti, a division of Robert Half, showed notable revenue growth for the second consecutive quarter. JPMorgan analyst Andrew C. Steinerman responded to the earnings report by lowering the price target on Robert Half to $65.00 from $69.00, maintaining a Neutral rating. Meanwhile, Jefferies analyst Stephanie Moore increased the price target to $56.00 from $53.00, keeping an Underperform rating. Robert Half’s management expressed a positive outlook for the company’s positioning as it exits the current economic cycle, although they anticipate challenges in the first quarter due to foreign exchange rates and fewer billing days. Additionally, the company increased its dividend by 10.4%, reflecting confidence in its financial position despite recent challenges.
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