Robert Half International Inc. (RHI) Expected to Announce Earnings of $0.96 Per Share

Brokerages expect Robert Half International Inc. (NYSE:RHI) to report earnings of $0.96 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Robert Half International’s earnings. The lowest EPS estimate is $0.95 and the highest is $0.98. Robert Half International posted earnings of $0.80 per share in the same quarter last year, which would indicate a positive year over year growth rate of 20%. The firm is expected to issue its next quarterly earnings results on Tuesday, April 23rd.

On average, analysts expect that Robert Half International will report full year earnings of $4.08 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.18. For the next year, analysts expect that the company will report earnings of $4.39 per share, with EPS estimates ranging from $4.17 to $4.75. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Robert Half International.

Robert Half International (NYSE:RHI) last released its quarterly earnings data on Tuesday, January 29th. The business services provider reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Robert Half International had a net margin of 7.49% and a return on equity of 39.61%.

A number of research firms have issued reports on RHI. Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating and set a $73.00 target price for the company in a report on Monday, January 28th. ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Bank of America cut shares of Robert Half International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 3rd. SunTrust Banks increased their price target on shares of Robert Half International to $70.00 and gave the stock a “hold” rating in a report on Wednesday, January 30th. Finally, Nomura decreased their price target on shares of Robert Half International to $80.00 and set a “buy” rating on the stock in a report on Wednesday, January 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $70.20.

In related news, COO Paul F. Gentzkow sold 75,000 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $66.17, for a total transaction of $4,962,750.00. Following the transaction, the chief operating officer now owns 352,476 shares of the company’s stock, valued at approximately $23,323,336.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in RHI. Comerica Bank grew its position in Robert Half International by 4.6% in the 3rd quarter. Comerica Bank now owns 37,081 shares of the business services provider’s stock valued at $2,373,000 after acquiring an additional 1,617 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Robert Half International by 20.1% during the third quarter. JPMorgan Chase & Co. now owns 1,317,128 shares of the business services provider’s stock valued at $92,701,000 after buying an additional 220,845 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of Robert Half International during the third quarter valued at $884,000. Jennison Associates LLC purchased a new position in shares of Robert Half International during the third quarter valued at $572,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Robert Half International by 32.3% during the third quarter. Janus Henderson Group PLC now owns 1,382,612 shares of the business services provider’s stock valued at $97,308,000 after buying an additional 337,202 shares in the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.

RHI stock traded up $0.89 during trading hours on Wednesday, reaching $66.05. 510,031 shares of the stock were exchanged, compared to its average volume of 1,124,021. The stock has a market cap of $7.76 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.90 and a beta of 1.33. Robert Half International has a 12 month low of $52.79 and a 12 month high of $79.91.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 25th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 22nd. This represents a $1.24 annualized dividend and a dividend yield of 1.88%. This is a positive change from Robert Half International’s previous quarterly dividend of $0.28. Robert Half International’s dividend payout ratio (DPR) is currently 34.35%.

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

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