Northcoast Research Comments on Robert Half International Inc.’s FY2019 Earnings (NYSE:RHI)

Robert Half International Inc. (NYSE:RHI) – Investment analysts at Northcoast Research dropped their FY2019 earnings per share estimates for shares of Robert Half International in a research note issued to investors on Thursday, October 24th. Northcoast Research analyst J. Healy now forecasts that the business services provider will post earnings of $3.93 per share for the year, down from their previous forecast of $3.95. Northcoast Research also issued estimates for Robert Half International’s Q4 2019 earnings at $1.00 EPS and FY2020 earnings at $4.15 EPS.

Robert Half International (NYSE:RHI) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.01. Robert Half International had a net margin of 7.56% and a return on equity of 41.71%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year.

RHI has been the subject of a number of other research reports. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating and set a $59.00 target price for the company in a report on Monday, October 21st. Credit Suisse Group dropped their target price on shares of Robert Half International from $54.00 to $53.00 and set an “underperform” rating for the company in a report on Thursday, October 24th. Nomura upped their target price on shares of Robert Half International from $69.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. William Blair reaffirmed a “market perform” rating on shares of Robert Half International in a report on Friday, September 20th. Finally, Barclays reaffirmed a “sell” rating and set a $55.00 target price on shares of Robert Half International in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $62.63.

Robert Half International stock opened at $59.19 on Monday. Robert Half International has a 52-week low of $51.90 and a 52-week high of $69.08. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 2.09 and a beta of 1.36. The company has a fifty day simple moving average of $55.26 and a 200-day simple moving average of $57.22.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Swedbank grew its holdings in shares of Robert Half International by 35.7% in the second quarter. Swedbank now owns 2,107,722 shares of the business services provider’s stock valued at $120,161,000 after purchasing an additional 554,010 shares during the period. Nuveen Asset Management LLC grew its holdings in shares of Robert Half International by 176.8% in the second quarter. Nuveen Asset Management LLC now owns 1,166,137 shares of the business services provider’s stock valued at $66,481,000 after purchasing an additional 744,889 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of Robert Half International by 4.1% in the second quarter. UBS Asset Management Americas Inc. now owns 1,130,134 shares of the business services provider’s stock valued at $64,429,000 after purchasing an additional 44,755 shares during the period. Wells Fargo & Company MN lifted its position in Robert Half International by 12.0% in the second quarter. Wells Fargo & Company MN now owns 1,110,114 shares of the business services provider’s stock valued at $63,286,000 after buying an additional 119,088 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Robert Half International by 2.4% in the second quarter. Invesco Ltd. now owns 1,051,026 shares of the business services provider’s stock valued at $59,919,000 after buying an additional 24,301 shares during the last quarter. 95.57% of the stock is owned by hedge funds and other institutional investors.

About Robert Half International

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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