Analysts Anticipate Robert Half International Inc. (NYSE:RHI) to Post $0.98 Earnings Per Share

Wall Street analysts predict that Robert Half International Inc. (NYSE:RHI) will announce earnings per share (EPS) of $0.98 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Robert Half International’s earnings, with the lowest EPS estimate coming in at $0.97 and the highest estimate coming in at $1.01. Robert Half International reported earnings of $0.89 per share during the same quarter last year, which suggests a positive year over year growth rate of 10.1%. The business is scheduled to announce its next quarterly earnings report on Tuesday, July 23rd.

On average, analysts expect that Robert Half International will report full year earnings of $3.98 per share for the current year, with EPS estimates ranging from $3.90 to $4.02. For the next financial year, analysts expect that the firm will post earnings of $4.26 per share, with EPS estimates ranging from $4.08 to $4.42. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Robert Half International.

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

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

Several institutional investors have recently modified their holdings of RHI. Norges Bank acquired a new stake in shares of Robert Half International during the 4th quarter valued at about $65,054,000. BlackRock Inc. boosted its position in shares of 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 acquiring an additional 1,056,596 shares in the last quarter. Vanguard Group Inc boosted its position in shares of 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 acquiring an additional 1,053,543 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Robert Half International by 11.3% during the 1st quarter. AQR Capital Management LLC now owns 6,672,856 shares of the business services provider’s stock valued at $434,804,000 after acquiring an additional 676,123 shares in the last quarter. Finally, AJO LP boosted its position in shares of Robert Half International by 32.8% during the 1st quarter. AJO LP now owns 2,272,322 shares of the business services provider’s stock valued at $148,065,000 after acquiring an additional 561,556 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

NYSE RHI opened at $57.01 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.19. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.78 and a beta of 1.33. The stock has a fifty day moving average of $55.86. Robert Half International has a 52-week low of $52.79 and a 52-week high of $79.91.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 2.18%. 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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