Robert Half International Inc. (RHI) Expected to Post Earnings of $0.63 Per Share

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.

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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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