Robert Half International Inc. (RHI) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Robert Half International Inc. (NYSE:RHI) announced its quarterly earnings results on Monday. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.02, RTT News reports. Robert Half International had a net margin of 6.47% and a return on equity of 31.26%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. Robert Half International’s quarterly revenue was down 2.7% compared to the same quarter last year.
Robert Half International (NYSE:RHI) traded up 1.34% during midday trading on Tuesday, reaching $47.80. 1,418,784 shares of the company traded hands. Robert Half International has a one year low of $34.42 and a one year high of $50.98. The stock has a market capitalization of $6.00 billion, a P/E ratio of 18.03 and a beta of 1.24. The company has a 50 day moving average price of $47.95 and a 200-day moving average price of $47.60.
Several equities analysts recently issued reports on RHI shares. ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. BMO Capital Markets reiterated a “hold” rating and set a $45.00 price target on shares of Robert Half International in a research report on Friday, April 21st. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a research report on Friday, July 14th. Finally, Zacks Investment Research cut shares of Robert Half International from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Robert Half International has an average rating of “Hold” and a consensus price target of $47.25.
In other Robert Half International news, insider Robert W. Glass sold 22,237 shares of Robert Half International stock in a transaction that occurred on 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 in the company, valued at approximately $15,456,365.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.
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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.
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