Robert Half International Stock Rating Reaffirmed by Zacks (RHI)
Robert Half International (NYSE:RHI)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Friday. They currently have a $49.00 price target on the stock. Zacks‘s target price suggests a potential upside of 3.42% from the stock’s previous close.
Zacks’ analyst wrote, “Robert Half’s first quarter earnings beat the Zacks Consensus Estimate by 2.2% and the prior-year earnings by 12.5%, driven by top-line growth and margin expansion. Revenues were in line with the Zacks Consensus Estimate and increased 5.9% year over year, driven by solid demand for skilled professionals in the company’s permanent placement and technology staffing divisions. Protiviti operations once again delivered strong revenues in the quarter. The company’s gross and operating margins also improved in the quarter. Overall, we are impressed with the solid demand for skilled professionals both in the U.S. and internationally. However, we remain concerned about currency headwinds. Also, the company’s permanent placement services are expected to remain sensitive due to an uncertain macroeconomic environment. We thus remain Neutral on the stock.”
RHI has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Robert Half International from $50.00 to $55.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Robert Half International from $40.00 to $42.00 in a research note on Wednesday, May 7th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Robert Half International from $46.00 to $48.00 in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $48.20.
Robert Half International (NYSE:RHI) traded up 0.51% on Friday, hitting $47.38. The stock had a trading volume of 739,879 shares. Robert Half International has a 52-week low of $30.64 and a 52-week high of $47.82. The stock has a 50-day moving average of $45.18 and a 200-day moving average of $42.0. The company has a market cap of $6.412 billion and a price-to-earnings ratio of 25.02.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Robert Half International will post $2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Wednesday, May 21st.
Robert Half International Inc provides specialized staffing and risk consulting services. The Company operates in three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.
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