Brokerages expect Robert Half International Inc. (NYSE:RHI) to announce earnings per share (EPS) of $0.63 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Robert Half International’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.64. Robert Half International posted earnings of $0.61 per share in the same quarter last year, which suggests a positive year over year growth rate of 3.3%. The business is expected to issue its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Robert Half International will report full-year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.56 to $2.59. For the next fiscal year, analysts forecast that the firm will post earnings of $2.94 per share, with EPS estimates ranging from $2.73 to $3.32. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Robert Half International.
Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share.
Several research firms have weighed in on RHI. Macquarie cut Robert Half International from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $56.66 to $42.00 in a research report on Tuesday, December 5th. ValuEngine cut Robert Half International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BMO Capital Markets lifted their price objective on Robert Half International from $53.00 to $58.00 and gave the company a “market perform” rating in a research report on Friday, December 29th. Royal Bank of Canada reissued a “hold” rating and issued a $57.00 price target on shares of Robert Half International in a research report on Wednesday, December 27th. Finally, Deutsche Bank boosted their price target on Robert Half International from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Robert Half International currently has an average rating of “Hold” and a consensus target price of $53.67.
Robert Half International (NYSE:RHI) traded down $0.23 during trading on Friday, reaching $56.36. The company’s stock had a trading volume of 746,600 shares, compared to its average volume of 606,219. The company has a market cap of $7,064.73, a PE ratio of 22.10 and a beta of 1.33. Robert Half International has a fifty-two week low of $42.92 and a fifty-two week high of $57.67.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.70%. Robert Half International’s dividend payout ratio is currently 37.65%.
In related news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $52.31, for a total value of $5,231,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert W. Glass sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $54.93, for a total value of $274,650.00. Following the completion of the transaction, the insider now directly owns 321,428 shares in the company, valued at $17,656,040.04. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans lifted its position in Robert Half International by 2.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,820 shares of the business services provider’s stock valued at $231,000 after acquiring an additional 110 shares in the last quarter. Commonwealth Bank of Australia lifted its position in Robert Half International by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 114 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its position in Robert Half International by 0.7% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 18,300 shares of the business services provider’s stock valued at $877,000 after acquiring an additional 133 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in Robert Half International by 1.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 15,646 shares of the business services provider’s stock valued at $750,000 after acquiring an additional 277 shares in the last quarter. Finally, QS Investors LLC lifted its position in Robert Half International by 4.8% in the 2nd quarter. QS Investors LLC now owns 8,279 shares of the business services provider’s stock valued at $397,000 after acquiring an additional 376 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.
About Robert Half International
Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.
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