Zacks: Analysts Anticipate Robert Half International Inc. (NYSE:RHI) to Post $0.98 EPS

Analysts forecast that Robert Half International Inc. (NYSE:RHI) will report $0.98 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Robert Half International’s earnings. The highest EPS estimate is $1.00 and the lowest is $0.96. Robert Half International posted earnings per share of $0.95 in the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The business is expected to issue its next quarterly earnings report on Tuesday, February 4th.

On average, analysts expect that Robert Half International will report full year earnings of $3.91 per share for the current financial year, with EPS estimates ranging from $3.88 to $3.93. For the next year, analysts expect that the firm will post earnings of $4.14 per share, with EPS estimates ranging from $4.05 to $4.20. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Robert Half International.

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

A number of analysts have recently commented on the company. William Blair reissued a “market perform” rating on shares of Robert Half International in a research report on Friday, September 20th. Barclays reaffirmed a “sell” rating and set a $55.00 price objective on shares of Robert Half International in a research report on Thursday, October 17th. Jefferies Financial Group began coverage on Robert Half International in a research report on Wednesday, November 27th. They set an “underperform” rating and a $50.00 price objective for the company. Royal Bank of Canada set a $65.00 price objective on Robert Half International and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, CL King began coverage on Robert Half International in a report on Monday, October 28th. They issued a “buy” rating and a $70.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $63.13.

Shares of RHI stock traded up $1.08 during trading hours on Tuesday, hitting $59.47. 1,017,248 shares of the company’s stock traded hands, compared to its average volume of 807,745. The stock’s fifty day simple moving average is $57.77 and its two-hundred day simple moving average is $56.41. Robert Half International has a 12-month low of $51.90 and a 12-month high of $69.08. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 2.11 and a beta of 1.33. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.18.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.09%. Robert Half International’s dividend payout ratio is currently 34.35%.

A number of institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its position in shares of Robert Half International by 1.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 365,893 shares of the business services provider’s stock valued at $20,860,000 after acquiring an additional 3,600 shares in the last quarter. Fiduciary Management Inc. WI increased its holdings in shares of Robert Half International by 65.1% in the 2nd quarter. Fiduciary Management Inc. WI now owns 847,584 shares of the business services provider’s stock worth $48,321,000 after purchasing an additional 334,345 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Robert Half International by 15.8% in the 3rd quarter. California Public Employees Retirement System now owns 345,615 shares of the business services provider’s stock worth $19,237,000 after purchasing an additional 47,091 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Robert Half International by 108.6% in the 3rd quarter. Squarepoint Ops LLC now owns 369,915 shares of the business services provider’s stock worth $20,589,000 after purchasing an additional 192,604 shares in the last quarter. Finally, Carillon Tower Advisers Inc. raised its stake in shares of Robert Half International by 7.6% in the third quarter. Carillon Tower Advisers Inc. now owns 142,175 shares of the business services provider’s stock worth $7,913,000 after purchasing an additional 10,075 shares during the last quarter. 95.02% 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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