Equities analysts predict that Robert Half International Inc. (NYSE:RHI) will report $1.46 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Robert Half International’s earnings, with estimates ranging from $1.43 billion to $1.47 billion. Robert Half International reported sales of $1.35 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.1%. The company is expected to issue its next earnings report on Tuesday, January 29th.
According to Zacks, analysts expect that Robert Half International will report full-year sales of $5.78 billion for the current year, with estimates ranging from $5.75 billion to $5.79 billion. For the next financial year, analysts forecast that the company will report sales of $6.18 billion, with estimates ranging from $6.06 billion to $6.35 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Robert Half International.
Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Robert Half International had a return on equity of 36.34% and a net margin of 6.49%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Robert Half International’s revenue was up 10.7% compared to the same quarter last year.
Several research analysts recently issued reports on the company. Robert W. Baird increased their price objective on Robert Half International from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 25th. ValuEngine cut Robert Half International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. dropped their price objective on Robert Half International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 24th. BMO Capital Markets increased their price objective on Robert Half International from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 24th. Finally, Bank of America assumed coverage on Robert Half International in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $68.31.
A number of hedge funds and other institutional investors have recently made changes to their positions in RHI. Swedbank bought a new stake in Robert Half International during the 3rd quarter valued at $99,177,000. Argent Capital Management LLC bought a new stake in Robert Half International during the 2nd quarter valued at $49,785,000. Morgan Stanley boosted its position in Robert Half International by 199.6% during the 2nd quarter. Morgan Stanley now owns 1,135,605 shares of the business services provider’s stock valued at $73,927,000 after acquiring an additional 756,618 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in Robert Half International during the 3rd quarter valued at $33,653,000. Finally, American Century Companies Inc. boosted its position in Robert Half International by 93.6% during the 2nd quarter. American Century Companies Inc. now owns 959,800 shares of the business services provider’s stock valued at $62,483,000 after acquiring an additional 464,138 shares in the last quarter. 91.17% of the stock is currently owned by institutional investors and hedge funds.
NYSE:RHI traded down $0.62 during midday trading on Friday, hitting $62.99. The stock had a trading volume of 902,500 shares, compared to its average volume of 1,266,196. Robert Half International has a one year low of $51.35 and a one year high of $79.91. The stock has a market cap of $7.66 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 1.34 and a beta of 1.31.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 23rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $1.12 annualized dividend and a yield of 1.78%. Robert Half International’s dividend payout ratio (DPR) is presently 43.08%.
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.
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