Zacks: Brokerages Anticipate Robert Half International Inc. (RHI) Will Post Earnings of $0.91 Per Share

Wall Street analysts predict that Robert Half International Inc. (NYSE:RHI) will report earnings of $0.91 per share for the current quarter, according to Zacks. Four analysts have made estimates for Robert Half International’s earnings. The highest EPS estimate is $0.94 and the lowest is $0.88. Robert Half International posted earnings per share of $0.65 in the same quarter last year, which indicates a positive year-over-year growth rate of 40%. The company is scheduled to issue its next quarterly earnings report on Tuesday, January 29th.

On average, analysts expect that Robert Half International will report full-year earnings of $3.54 per share for the current fiscal year, with EPS estimates ranging from $3.52 to $3.59. For the next fiscal year, analysts expect that the company will report earnings of $3.93 per share, with EPS estimates ranging from $3.80 to $4.01. Zacks’ earnings per share averages are a mean average based on a survey of 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. Robert Half International had a net margin of 6.49% and a return on equity of 36.34%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the business posted $0.68 earnings per share. Robert Half International’s revenue was up 10.7% compared to the same quarter last year.

Several equities analysts recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Robert Half International in a report on Friday, August 10th. They issued an “underperform” rating and a $57.00 price objective on the stock. Goldman Sachs Group lowered shares of Robert Half International from a “neutral” rating to a “sell” rating and cut their price objective for the company from $70.00 to $67.00 in a report on Wednesday, September 5th. SunTrust Banks restated a “hold” rating and issued a $76.00 price objective on shares of Robert Half International in a report on Wednesday, July 25th. Robert W. Baird increased their price objective on shares of Robert Half International from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, July 25th. Finally, Zacks Investment Research lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.31.

In other Robert Half International news, EVP Robert W. Glass sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $77.50, for a total value of $3,100,000.00. Following the completion of the sale, the executive vice president now owns 271,364 shares of the company’s stock, valued at $21,030,710. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of RHI. IFM Investors Pty Ltd increased its stake in Robert Half International by 39.6% in the second quarter. IFM Investors Pty Ltd now owns 6,665 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 1,892 shares in the last quarter. Fisher Asset Management LLC bought a new stake in Robert Half International in the second quarter valued at approximately $573,000. State of Alaska Department of Revenue increased its position in shares of Robert Half International by 6.8% during the second quarter. State of Alaska Department of Revenue now owns 41,570 shares of the business services provider’s stock worth $2,705,000 after acquiring an additional 2,660 shares in the last quarter. TNB Financial bought a new stake in shares of Robert Half International during the second quarter worth $209,000. Finally, Bank of Montreal Can increased its position in shares of Robert Half International by 11.0% during the second quarter. Bank of Montreal Can now owns 340,493 shares of the business services provider’s stock worth $22,167,000 after acquiring an additional 33,680 shares in the last quarter. 89.70% of the stock is owned by hedge funds and other institutional investors.

NYSE RHI traded down $2.10 during trading hours on Friday, hitting $62.89. The company’s stock had a trading volume of 27,139 shares, compared to its average volume of 1,934,650. Robert Half International has a twelve month low of $51.35 and a twelve month high of $79.91. The firm has a market capitalization of $7.67 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.34 and a beta of 1.31.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 23rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, November 21st. Robert Half International’s payout ratio 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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