FY2017 Earnings Estimate for Robert Half International Inc. (NYSE:RHI) Issued By William Blair

Robert Half International Inc. (NYSE:RHI) – Analysts at William Blair lowered their FY2017 earnings estimates for shares of Robert Half International in a report released on Tuesday, Zacks Investment Research reports. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings per share of $2.59 for the year, down from their prior forecast of $2.61. William Blair also issued estimates for Robert Half International’s Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.73 EPS, Q4 2018 earnings at $0.70 EPS and FY2018 earnings at $2.81 EPS.

Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.02). Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm posted $0.71 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis.

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Several other research firms have also commented on RHI. Credit Suisse Group lifted their price target on shares of Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. BMO Capital Markets lifted their price target on shares of Robert Half International from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. ValuEngine lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, SunTrust Banks, Inc. lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Robert Half International has an average rating of “Hold” and an average price target of $51.88.

Robert Half International (NYSE RHI) traded up $0.35 during midday trading on Thursday, hitting $52.90. 461,700 shares of the stock traded hands, compared to its average volume of 1,064,248. Robert Half International has a 1-year low of $41.62 and a 1-year high of $53.50. The firm has a market cap of $6,587.13, a price-to-earnings ratio of 20.61 and a beta of 1.29.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Wednesday, November 22nd. Robert Half International’s dividend payout ratio is currently 37.65%.

In other 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 shares were sold at an average price of $52.31, for a total value of $5,231,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.40% of the company’s stock.

Several large investors have recently modified their holdings of RHI. BlackRock Inc. lifted its stake in shares of Robert Half International by 2,875.0% in the 1st quarter. BlackRock Inc. now owns 9,961,750 shares of the business services provider’s stock worth $486,431,000 after acquiring an additional 9,626,906 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Robert Half International by 4,051.8% in the 2nd quarter. Janus Henderson Group PLC now owns 921,072 shares of the business services provider’s stock worth $44,147,000 after acquiring an additional 898,887 shares during the period. Vanguard Group Inc. lifted its stake in shares of Robert Half International by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 13,632,206 shares of the business services provider’s stock worth $653,391,000 after acquiring an additional 758,834 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Robert Half International by 42.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,852,461 shares of the business services provider’s stock worth $88,788,000 after acquiring an additional 548,507 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Robert Half International by 153.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 888,822 shares of the business services provider’s stock worth $42,601,000 after acquiring an additional 538,557 shares during the period. 84.22% of the stock is owned by institutional investors.

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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