Robert Half International Inc. (RHI) Announces Earnings Results
Robert Half International Inc. (NYSE:RHI) announced its quarterly earnings results on Tuesday. The business services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02), RTT News reports. Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company earned $0.71 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis.
Shares of Robert Half International (NYSE:RHI) traded up 0.04% during mid-day trading on Tuesday, hitting $50.86. The stock had a trading volume of 1,797,306 shares. Robert Half International has a 52 week low of $34.42 and a 52 week high of $51.87. The firm has a market cap of $6.34 billion, a PE ratio of 19.71 and a beta of 1.26. The stock has a 50 day moving average price of $48.72 and a 200 day moving average price of $46.95.
A number of analysts have weighed in on the company. Zacks Investment Research cut Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a research report on Friday, October 13th. BMO Capital Markets reiterated a “hold” rating and issued a $49.00 price target on shares of Robert Half International in a research report on Friday, October 13th. SunTrust Banks, Inc. cut Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price target on the stock. in a research report on Wednesday, October 11th. Finally, ValuEngine cut Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Robert Half International currently has an average rating of “Hold” and a consensus target price of $51.00.
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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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