Equities Analysts Offer Predictions for Robert Half International Inc.’s FY2019 Earnings (RHI)
Robert Half International Inc. (NYSE:RHI) – Research analysts at William Blair issued their FY2019 earnings estimates for Robert Half International in a note issued to investors on Tuesday. William Blair analyst T. Mchugh forecasts that the business services provider will post earnings of $3.15 per share for the year.
Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.02. Robert Half International had a return on equity of 30.09% and a net margin of 6.29%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year.
RHI has been the subject of several other research reports. BMO Capital Markets reiterated a “hold” rating and issued a $45.00 price target on shares of Robert Half International in a report on Friday, April 21st. Zacks Investment Research cut shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a report on Friday, July 14th. Finally, ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Robert Half International has a consensus rating of “Hold” and a consensus price target of $47.25.
Robert Half International (RHI) traded down 1.481% during midday trading on Thursday, reaching $43.585. 848,631 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $47.93 and its 200 day moving average is $47.57. Robert Half International has a 1-year low of $34.42 and a 1-year high of $50.98. The stock has a market cap of $5.47 billion, a P/E ratio of 16.441 and a beta of 1.24.
Several hedge funds have recently made changes to their positions in RHI. Oppenheimer Asset Management Inc. acquired a new stake in shares of Robert Half International during the first quarter worth approximately $2,817,000. Clinton Group Inc. acquired a new stake in shares of Robert Half International during the first quarter worth approximately $1,169,000. Macquarie Group Ltd. raised its stake in shares of Robert Half International by 66.0% in the fourth quarter. Macquarie Group Ltd. now owns 12,069 shares of the business services provider’s stock worth $589,000 after buying an additional 4,800 shares in the last quarter. DnB Asset Management AS acquired a new stake in shares of Robert Half International during the first quarter worth approximately $511,000. Finally, Retirement Systems of Alabama raised its stake in shares of Robert Half International by 5.3% in the first quarter. Retirement Systems of Alabama now owns 313,751 shares of the business services provider’s stock worth $15,320,000 after buying an additional 15,687 shares in the last quarter. 87.35% of the stock is currently owned by institutional investors and hedge funds.
About Robert Half International
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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