Q4 2017 Earnings Estimate for Robert Half International Inc. Issued By William Blair (RHI)
Robert Half International Inc. (NYSE:RHI) – Investment analysts at William Blair decreased their Q4 2017 earnings per share estimates for Robert Half International in a research report issued on Tuesday. William Blair analyst T. Mchugh now expects that the business services provider will post earnings per share of $0.64 for the quarter, down from their prior estimate of $0.65.
Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This story was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/27/q4-2017-earnings-estimate-for-robert-half-international-inc-issued-by-william-blair-rhi.html.
Several other research analysts also recently commented on RHI. BMO Capital Markets reiterated a “hold” rating and set a $45.00 target price on shares of Robert Half International in a research note on Tuesday, July 11th. Royal Bank Of Canada restated a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. BidaskClub downgraded Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $51.88.
Shares of Robert Half International (RHI) traded down 1.24% on Friday, hitting $52.60. The stock had a trading volume of 322,893 shares. The stock’s 50-day moving average price is $48.97 and its 200 day moving average price is $47.03. Robert Half International has a 52 week low of $34.42 and a 52 week high of $53.50. The company has a market cap of $6.55 billion, a PE ratio of 20.39 and a beta of 1.27.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Seven Eight Capital LP boosted its stake in Robert Half International by 134.7% in the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,400 shares during the period. Commonwealth Bank of Australia raised its holdings in Robert Half International by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 114 shares in the last quarter. Globeflex Capital L P acquired a new position in Robert Half International in the 2nd quarter valued at $197,000. Hikari Power Ltd acquired a new position in Robert Half International in the 2nd quarter valued at $204,000. Finally, Deschutes Portfolio Strategy LLC acquired a new position in Robert Half International in the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 83.78% 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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