Robert Half International (NYSE:RHI) announced its earnings results on Tuesday, January 30th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02, Bloomberg Earnings reports. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. Robert Half International’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share.
Shares of Robert Half International (NYSE:RHI) traded up $1.54 during trading on Wednesday, reaching $56.18. 611,111 shares of the company were exchanged, compared to its average volume of 1,130,829. The company has a market cap of $6,718.75, a PE ratio of 23.55 and a beta of 1.27. Robert Half International has a 52 week low of $42.92 and a 52 week high of $60.59.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be paid a $0.28 dividend. This is a boost from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 dividend on an annualized basis and a yield of 1.99%. Robert Half International’s payout ratio is presently 41.38%.
Several research analysts have commented on RHI shares. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Barclays lifted their target price on shares of Robert Half International from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Robert W. Baird lifted their price target on shares of Robert Half International from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Royal Bank of Canada lifted their price target on shares of Robert Half International to $62.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Finally, 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. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.22.
In related news, insider Robert W. Glass sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $54.93, for a total value of $274,650.00. Following the transaction, the insider now owns 321,428 shares in the company, valued at approximately $17,656,040.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Paul F. Gentzkow sold 205,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $56.31, for a total value of $11,543,550.00. Following the completion of the transaction, the chief operating officer now directly owns 499,733 shares of the company’s stock, valued at approximately $28,139,965.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,247 shares of company stock worth $19,152,409. 3.40% of the stock is currently owned by company insiders.
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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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