Robert Half: A Value Trap, If You Aren't Paying Attention

  • Robert Half's recent financial performance has deteriorated, with declining revenue per share, margins, and a poor Q1 2025 earnings report. Despite strong historical dividend growth and a high current yield, the payout ratio has risen sharply, raising sustainability concerns. The stock trades at a discount to fair value and offers an attractive long-term expected rate of return, but recent performance is troubling.