UBS Group AG and the
Teacher Retirement System of Texas have significantly sold their shares in
Robert Half Inc. (NYSE:RHI), while
Janney Montgomery Scott LLC,
Franklin Resources Inc., and
Norges Bank have acquired considerable shares.
RHI stocks have generally underperformed, setting a new 52 week low at $64.54, despite topping Q2 earnings estimates. Amidst a challenging operating environment,
RHI's financial health is reflected in its recent stock performance. The company has seen declines in Q4 and full-year earnings due to economic headwinds. However, Q1 earnings were in line with EPS projections despite a revenue decline. Moving forward,
RHI plans to overcome hiring and retention challenges by hosting a virtual event. The company's senior leadership changes and recognition of diversification efforts are evident.
RHI revenue is down, but the firm notes a 'positive backdrop' for 2024. Despite missing Q2 earnings and revenue estimates,
RHI still holds strong financial prospects. The company also invested in AI, machine learning, and sustainable practices, as stated in their 2022 Global ESG Report.
Robert Half RHI News Analytics from Mon, 18 May 2020 07:39:17 GMT to Thu, 30 May 2024 09:52:24 GMT -
Rating -3
- Innovation 0
- Information 8
- Rumor -4
