Robert Half International Inc. (RHI) Declares Quarterly Dividend of $0.24
Robert Half International Inc. (NYSE:RHI) announced a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Thursday, May 25th will be paid a dividend of 0.24 per share by the business services provider on Thursday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 2.05%.
Robert Half International has increased its dividend payment by an average of 11.2% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Robert Half International has a dividend payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Robert Half International to earn $2.91 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 33.0%.
Shares of Robert Half International (NYSE:RHI) traded down 1.04% during midday trading on Wednesday, reaching $46.84. 1,356,488 shares of the company’s stock were exchanged. The stock has a market cap of $5.99 billion, a PE ratio of 17.67 and a beta of 1.18. Robert Half International has a 12-month low of $34.34 and a 12-month high of $50.98. The stock’s 50 day moving average is $47.02 and its 200-day moving average is $46.18.
Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Thursday, April 20th. The business services provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. Robert Half International had a net margin of 6.54% and a return on equity of 31.97%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business posted $0.64 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Robert Half International will post $2.67 EPS for the current year.
RHI has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Tuesday, February 21st. Instinet cut their price target on shares of Robert Half International from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, January 27th. Barclays PLC upgraded shares of Robert Half International from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $35.00 to $54.00 in a report on Tuesday, January 10th. Royal Bank of Canada restated a “hold” rating and issued a $47.00 price target on shares of Robert Half International in a report on Friday, January 27th. Finally, BMO Capital Markets restated a “hold” rating and issued a $44.00 price target on shares of Robert Half International in a report on Friday, January 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $47.40.
In other Robert Half International news, insider Robert W. Glass sold 22,237 shares of the stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $47.35, for a total transaction of $1,052,921.95. Following the completion of the sale, the insider now directly owns 326,428 shares of the company’s stock, valued at $15,456,365.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.40% of the company’s stock.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.
Receive News & Ratings for Robert Half International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.