Robert Half International Inc. (RHI) to Issue $0.24 Quarterly Dividend
Robert Half International Inc. (NYSE:RHI) declared a quarterly dividend on Tuesday, October 31st, RTT News reports. Investors of record on Friday, November 24th will be paid a dividend of 0.24 per share by the business services provider on Friday, December 15th. This represents a $0.96 dividend on an annualized basis and a yield of 1.85%.
Robert Half International has increased its dividend by an average of 11.2% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Robert Half International has a payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Robert Half International to earn $2.88 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 33.3%.
Shares of Robert Half International (RHI) traded up 1.51% on Tuesday, reaching $51.77. The company had a trading volume of 718,142 shares. Robert Half International has a 52 week low of $36.58 and a 52 week high of $53.50. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 20.07 and a beta of 1.26. The stock’s 50 day moving average is $49.59 and its 200 day moving average is $47.20.
Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Robert Half International will post $2.59 EPS for the current year.
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Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. BMO Capital Markets upped their price objective on shares of Robert Half International from $49.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday, October 25th. Credit Suisse Group upped their price objective on shares of Robert Half International from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. Nomura upped their price objective on shares of Robert Half International from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird upped their price objective on shares of Robert Half International from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.88.
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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