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Robert Half International Inc (NYSE:RHI). stock reached a 52-week low, touching $39.99, down significantly from its 52-week high of $78.41. This marks a significant downturn for the company, with a 40.7% decline over the past six months. Despite the challenging market conditions, the company maintains a healthy 5.7% dividend yield and has raised its dividend for 21 consecutive years, according to InvestingPro data. The staffing and consulting firm’s stock has faced challenges amid fluctuating economic conditions and shifts in the labor market. While the company maintains strong fundamentals with more cash than debt and a current ratio of 1.65, seven analysts have recently revised their earnings expectations downward. As investors assess these trends, Robert Half’s performance continues to be under scrutiny, reflecting broader industry pressures. Based on InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels.
In other recent news, Robert Half International Inc. reported disappointing financial results for the first quarter of 2025. The company posted earnings per share (EPS) of $0.17, significantly below the forecasted $0.36, and revenue of $1.35 billion, missing the expected $1.41 billion. Following these results, JPMorgan analysts lowered their price target for Robert Half’s stock from $65.00 to $47.00, maintaining a Neutral rating. Revenue declined by 6% year-over-year, attributed to weaker performances in contract staffing and Protiviti revenues, amid economic uncertainty and reduced client hiring activity. Despite these challenges, Robert Half continues to invest in technology and innovation, focusing on AI to enhance recruitment processes.
The company also implemented cost reduction measures, expecting annual savings of $80 million. Protiviti, a division of Robert Half, acquired a consulting firm in France to strengthen its European presence. During its annual stockholders’ meeting, Robert Half’s shareholders approved the election of directors and endorsed executive compensation. Furthermore, PricewaterhouseCoopers LLP was ratified as the company’s independent registered public accounting firm for 2025. These developments reflect ongoing efforts by Robert Half to navigate the current economic challenges while maintaining shareholder confidence.
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