Zacks: Brokerages Anticipate Robert Half International Inc. (RHI) to Announce $0.69 EPS

Equities analysts predict that Robert Half International Inc. (NYSE:RHI) will announce earnings per share (EPS) of $0.69 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Robert Half International’s earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.72. Robert Half International reported earnings per share of $0.71 in the same quarter last year, which would indicate a negative year over year growth rate of 2.8%. The business is expected to report its next earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Robert Half International will report full-year earnings of $2.62 per share for the current year, with EPS estimates ranging from $2.56 to $2.70. For the next fiscal year, analysts anticipate that the company will report earnings of $2.82 per share, with EPS estimates ranging from $2.68 to $3.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Robert Half International.

Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $0.71 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis.

A number of equities analysts have commented on the company. Royal Bank Of Canada restated a “hold” rating on shares of Robert Half International in a research note on Friday, October 13th. BMO Capital Markets restated a “hold” rating and set a $49.00 price objective on shares of Robert Half International in a research note on Friday, October 13th. SunTrust Banks, Inc. lowered Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price objective on the stock. in a research note on Wednesday, October 11th. ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, BidaskClub upgraded Robert Half International from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $49.83.

Shares of Robert Half International (RHI) traded up 2.31% during mid-day trading on Friday, reaching $50.11. The company’s stock had a trading volume of 427,987 shares. Robert Half International has a 52-week low of $34.42 and a 52-week high of $51.76. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 19.42 and a beta of 1.27. The firm has a 50 day moving average price of $47.85 and a 200 day moving average price of $46.81.

Several institutional investors and hedge funds have recently modified their holdings of the company. Investment Counselors of Maryland LLC increased its stake in shares of Robert Half International by 0.5% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 4,715 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 24 shares during the last quarter. Financial Counselors Inc. increased its stake in shares of Robert Half International by 0.4% in the 2nd quarter. Financial Counselors Inc. now owns 8,449 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 35 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Robert Half International by 0.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 8,352 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 38 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Robert Half International by 0.7% in the 2nd quarter. Contravisory Investment Management Inc. now owns 5,469 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 39 shares during the last quarter. Finally, Empirical Finance LLC increased its stake in shares of Robert Half International by 0.3% in the 2nd quarter. Empirical Finance LLC now owns 22,115 shares of the business services provider’s stock valued at $1,060,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

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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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Earnings History and Estimates for Robert Half International (NYSE:RHI)

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