$1.52 Billion in Sales Expected for Robert Half International Inc. (NYSE:RHI) This Quarter

Equities research analysts expect Robert Half International Inc. (NYSE:RHI) to announce sales of $1.52 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Robert Half International’s earnings. The lowest sales estimate is $1.51 billion and the highest is $1.52 billion. Robert Half International posted sales of $1.46 billion during the same quarter last year, which would indicate a positive year over year growth rate of 4.1%. The business is scheduled to report its next earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that Robert Half International will report full year sales of $6.08 billion for the current financial year, with estimates ranging from $6.02 billion to $6.11 billion. For the next fiscal year, analysts forecast that the firm will report sales of $6.40 billion, with estimates ranging from $6.26 billion to $6.47 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Robert Half International.

Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.02). Robert Half International had a return on equity of 40.97% and a net margin of 7.63%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business posted $0.80 EPS. The company’s revenue was up 5.2% compared to the same quarter last year.



RHI has been the subject of several recent research reports. Zacks Investment Research lowered Robert Half International from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. BMO Capital Markets decreased their price objective on Robert Half International from $68.00 to $62.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. Finally, Royal Bank of Canada initiated coverage on Robert Half International in a report on Tuesday, April 16th. They issued a “sector perform” rating for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Robert Half International presently has an average rating of “Hold” and a consensus price target of $69.40.

RHI traded down $0.47 during trading hours on Wednesday, hitting $55.48. The stock had a trading volume of 859,100 shares, compared to its average volume of 1,183,774. Robert Half International has a 1 year low of $52.79 and a 1 year high of $79.91. The firm has a market cap of $6.38 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.70 and a current ratio of 1.70.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, May 23rd. Robert Half International’s dividend payout ratio (DPR) is currently 34.35%.

A number of hedge funds have recently bought and sold shares of RHI. Oregon Public Employees Retirement Fund grew its holdings in Robert Half International by 5,320.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,711,538 shares of the business services provider’s stock valued at $30,000 after buying an additional 1,679,961 shares in the last quarter. Norges Bank purchased a new position in Robert Half International during the 4th quarter valued at about $65,054,000. BlackRock Inc. grew its holdings in Robert Half International by 12.0% during the 4th quarter. BlackRock Inc. now owns 9,860,736 shares of the business services provider’s stock valued at $564,035,000 after buying an additional 1,056,596 shares in the last quarter. Vanguard Group Inc grew its holdings in Robert Half International by 7.8% during the 3rd quarter. Vanguard Group Inc now owns 14,590,476 shares of the business services provider’s stock valued at $1,026,877,000 after buying an additional 1,053,543 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in Robert Half International by 45.1% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,544,609 shares of the business services provider’s stock valued at $145,551,000 after buying an additional 790,358 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

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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