Robert Half International Inc. (RHI) Expected to Post Quarterly Sales of $1.33 Billion
Equities research analysts predict that Robert Half International Inc. (NYSE:RHI) will report sales of $1.33 billion for the current quarter, Zacks reports. Five analysts have provided estimates for Robert Half International’s earnings, with the highest sales estimate coming in at $1.34 billion and the lowest estimate coming in at $1.32 billion. Robert Half International reported sales of $1.34 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 0.7%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that Robert Half International will report full year sales of $1.33 billion for the current fiscal year, with estimates ranging from $5.17 billion to $5.24 billion. For the next year, analysts expect that the company will report sales of $5.41 billion per share, with estimates ranging from $5.27 billion to $5.50 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Robert Half International.
Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.02. Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year.
A number of research firms have recently weighed in on RHI. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Robert Half International in a research note on Tuesday, July 11th. Royal Bank Of Canada reissued a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, BidaskClub raised Robert Half International from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.86.
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Shares of Robert Half International (RHI) opened at 45.49 on Friday. The firm has a 50 day moving average price of $44.54 and a 200 day moving average price of $46.69. The stock has a market cap of $5.67 billion, a PE ratio of 17.63 and a beta of 1.24. Robert Half International has a 12-month low of $34.42 and a 12-month high of $50.98.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.96 annualized dividend and a dividend yield of 2.11%. Robert Half International’s payout ratio is 37.21%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Robert Half International by 5.9% during the 2nd quarter. Vanguard Group Inc. now owns 13,632,206 shares of the business services provider’s stock worth $653,391,000 after purchasing an additional 758,834 shares during the period. BlackRock Inc. increased its holdings in Robert Half International by 2,875.0% during the 1st quarter. BlackRock Inc. now owns 9,961,750 shares of the business services provider’s stock worth $486,431,000 after purchasing an additional 9,626,906 shares during the period. Fiduciary Management Inc. WI increased its holdings in Robert Half International by 6.5% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,200,621 shares of the business services provider’s stock worth $107,456,000 after purchasing an additional 133,410 shares during the period. Northern Trust Corp increased its holdings in Robert Half International by 1.1% during the 2nd quarter. Northern Trust Corp now owns 2,029,761 shares of the business services provider’s stock worth $97,287,000 after purchasing an additional 21,523 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Robert Half International by 28.5% during the 1st quarter. AQR Capital Management LLC now owns 1,892,976 shares of the business services provider’s stock worth $92,434,000 after purchasing an additional 419,414 shares during the period. Institutional investors own 84.12% of the company’s stock.
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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