Analysts predict that Robert Half International Inc. (NYSE:RHI) will announce sales of $1.31 billion for the current quarter, Zacks reports. Five analysts have issued estimates for Robert Half International’s earnings. The lowest sales estimate is $1.31 billion and the highest is $1.32 billion. Robert Half International posted sales of $1.34 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.2%. The company is scheduled to announce its next earnings report on Tuesday, July 25th.
According to Zacks, analysts expect that Robert Half International will report full-year sales of $1.31 billion for the current fiscal year, with estimates ranging from $5.15 billion to $5.28 billion. For the next financial year, analysts forecast that the business will report sales of $5.44 billion per share, with estimates ranging from $5.25 billion to $5.59 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Robert Half International.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Thursday, April 20th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Robert Half International had a return on equity of 31.26% and a net margin of 6.47%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 earnings per share.
RHI has been the topic of a number of analyst reports. Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating in a research report on Tuesday, February 21st. ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $45.00 price target on shares of Robert Half International in a research report on Friday, April 21st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Robert Half International currently has a consensus rating of “Hold” and a consensus price target of $46.44.
Robert Half International (NYSE:RHI) opened at 47.75 on Friday. The company has a market cap of $5.99 billion, a PE ratio of 18.01 and a beta of 1.22. Robert Half International has a 12-month low of $34.34 and a 12-month high of $50.98. The company has a 50-day moving average price of $46.85 and a 200 day moving average price of $47.57.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, May 25th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, May 23rd. This represents a $0.96 annualized dividend and a dividend yield of 2.01%. Robert Half International’s payout ratio is 36.23%.
In related news, insider Robert W. Glass sold 22,237 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $47.35, for a total transaction of $1,052,921.95. Following the sale, the insider now owns 326,428 shares in the company, valued at approximately $15,456,365.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.40% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its stake in shares of Robert Half International by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 2,308 shares of the business services provider’s stock valued at $113,000 after buying an additional 93 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Robert Half International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the business services provider’s stock valued at $138,000 after buying an additional 1,328 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Robert Half International during the first quarter valued at approximately $148,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Robert Half International during the first quarter valued at approximately $152,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Robert Half International by 16.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the business services provider’s stock valued at $176,000 after buying an additional 500 shares during the last quarter. Institutional investors own 88.05% of the company’s stock.
About Robert Half International
Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.
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