Robert Half International (RHI) Releases Q2 Earnings Guidance

Robert Half International (NYSE:RHI) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.81-0.87 for the period, compared to the Thomson Reuters consensus estimate of $0.83. The company issued revenue guidance of $1.4-1.46 billion, compared to the consensus revenue estimate of $1.39 billion.

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada reissued a hold rating and set a $57.00 target price on shares of Robert Half International in a research report on Wednesday, December 27th. Robert W. Baird reissued a buy rating and set a $67.00 target price on shares of Robert Half International in a research report on Wednesday, January 31st. Deutsche Bank increased their target price on shares of Robert Half International from $58.00 to $65.00 and gave the company a buy rating in a research report on Thursday, December 28th. BMO Capital Markets increased their target price on shares of 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. Finally, SunTrust Banks increased their target price on shares of Robert Half International to $58.00 and gave the company a hold rating in a research report on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $58.30.

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Shares of RHI stock traded down $0.91 during trading on Tuesday, reaching $57.45. 2,007,975 shares of the company’s stock traded hands, compared to its average volume of 1,186,992. The stock has a market capitalization of $7,239.89, a P/E ratio of 22.26 and a beta of 1.18. Robert Half International has a 1 year low of $42.92 and a 1 year high of $60.83.

Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations 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 was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. sell-side analysts anticipate that Robert Half International will post 3.23 EPS for the current fiscal year.

Robert Half International announced that its Board of Directors has approved a share buyback plan on Tuesday, February 13th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In other Robert Half International news, insider Michael C. Buckley sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $57.84, for a total value of $578,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $58.06, for a total transaction of $5,806,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 457,247 shares of company stock worth $25,936,679 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

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Robert Half International Company Profile

Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.

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

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