Brokerages forecast that Robert Half International Inc. (NYSE:RHI) will post $1.54 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Robert Half International’s earnings, with the lowest sales estimate coming in at $1.53 billion and the highest estimate coming in at $1.54 billion. Robert Half International reported sales of $1.48 billion during the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The firm is scheduled to report its next earnings results on Tuesday, February 4th.
On average, analysts expect that Robert Half International will report full-year sales of $6.08 billion for the current year, with estimates ranging from $6.07 billion to $6.10 billion. For the next financial year, analysts expect that the firm will post sales of $6.36 billion, with estimates ranging from $6.29 billion to $6.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Robert Half International.
Robert Half International (NYSE:RHI) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. Robert Half International had a return on equity of 41.71% and a net margin of 7.56%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year.
A number of analysts have weighed in on the company. Barclays reiterated a “sell” rating and issued a $55.00 target price on shares of Robert Half International in a research note on Thursday, October 17th. Jefferies Financial Group assumed coverage on Robert Half International in a research note on Wednesday, November 27th. They issued an “underperform” rating and a $50.00 target price on the stock. William Blair reiterated a “market perform” rating on shares of Robert Half International in a research note on Friday, September 20th. Royal Bank of Canada set a $65.00 target price on Robert Half International and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, CL King assumed coverage on Robert Half International in a research note on Monday, October 28th. They issued a “buy” rating and a $70.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.13.
RHI stock traded down $0.12 during midday trading on Thursday, reaching $59.91. The company’s stock had a trading volume of 1,456,391 shares, compared to its average volume of 1,168,569. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a fifty day simple moving average of $58.14 and a two-hundred day simple moving average of $56.48. Robert Half International has a 1 year low of $51.90 and a 1 year high of $69.08. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 2.15 and a beta of 1.33.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.24 annualized dividend and a dividend yield of 2.07%. Robert Half International’s dividend payout ratio is currently 34.35%.
Several institutional investors have recently made changes to their positions in RHI. NEXT Financial Group Inc purchased a new position in shares of Robert Half International during the second quarter valued at $86,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Robert Half International during the second quarter valued at $107,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Robert Half International by 4.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 104,814 shares of the business services provider’s stock valued at $5,975,000 after buying an additional 4,494 shares during the period. BancorpSouth Bank increased its stake in shares of Robert Half International by 2.6% during the second quarter. BancorpSouth Bank now owns 11,178 shares of the business services provider’s stock valued at $637,000 after buying an additional 281 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Robert Half International by 584.1% during the second quarter. First Trust Advisors LP now owns 656,644 shares of the business services provider’s stock valued at $37,435,000 after buying an additional 560,664 shares during the period. Hedge funds and other institutional investors own 95.17% of the company’s stock.
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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