Robert Half International (RHI) to Release Quarterly Earnings on Thursday

Robert Half International (NYSE:RHI – Get Rating) is set to release its earnings data after the market closes on Thursday, January 26th. Analysts expect Robert Half International to post earnings of $1.35 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Robert Half International Stock Performance

Shares of NYSE RHI traded down $0.65 during trading hours on Tuesday, hitting $79.10. The stock had a trading volume of 814,356 shares, compared to its average volume of 855,073. The company has a market capitalization of $8.58 billion, a P/E ratio of 12.84, a P/E/G ratio of 3.40 and a beta of 1.28. The firm’s 50-day moving average price is $75.37 and its two-hundred day moving average price is $77.07. Robert Half International has a 52 week low of $65.40 and a 52 week high of $125.77.

Robert Half International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Friday, November 25th were paid a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, November 23rd. This represents a $1.72 annualized dividend and a dividend yield of 2.17%. Robert Half International’s payout ratio is 27.92%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RHI. StockNews.com began coverage on Robert Half International in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Barclays lowered their price target on Robert Half International from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Monday, October 24th. BNP Paribas assumed coverage on Robert Half International in a research note on Thursday, January 5th. They issued an “underperform” rating and a $70.00 price target for the company. Credit Suisse Group decreased their target price on Robert Half International from $68.00 to $63.00 and set an “underperform” rating for the company in a research report on Friday, October 21st. Finally, JPMorgan Chase & Co. cut Robert Half International from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $89.00 to $76.00 in a research report on Friday, October 21st. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $77.78.

Insiders Place Their Bets

In other news, EVP Robert W. Glass sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $80.84, for a total transaction of $1,212,600.00. Following the completion of the transaction, the executive vice president now directly owns 232,349 shares in the company, valued at $18,783,093.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Captrust Financial Advisors lifted its holdings in shares of Robert Half International by 3.4% during the third quarter. Captrust Financial Advisors now owns 10,622 shares of the business services provider’s stock worth $813,000 after buying an additional 352 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Robert Half International by 4.0% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,927 shares of the business services provider’s stock worth $300,000 after buying an additional 151 shares during the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Robert Half International by 4.6% during the third quarter. Kentucky Retirement Systems now owns 8,577 shares of the business services provider’s stock worth $656,000 after buying an additional 375 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Robert Half International by 3.9% in the third quarter. Baird Financial Group Inc. now owns 88,603 shares of the business services provider’s stock valued at $6,778,000 after purchasing an additional 3,339 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of Robert Half International in the third quarter valued at $468,000. 94.13% of the stock is currently owned by institutional investors and hedge funds.

About Robert Half International

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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 services 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 professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.