$0.63 EPS Expected for Robert Half International Inc. (RHI) This Quarter
Wall Street analysts expect Robert Half International Inc. (NYSE:RHI) to announce $0.63 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Robert Half International’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.62. Robert Half International reported earnings per share of $0.61 during the same quarter last year, which would indicate a positive year over year growth rate of 3.3%. The company is expected to issue its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Robert Half International will report full year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.56 to $2.59. For the next financial year, analysts expect that the company will post earnings of $2.80 per share, with EPS estimates ranging from $2.73 to $2.89. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Robert Half International.
Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.02). Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year.
A number of brokerages have recently commented on RHI. BMO Capital Markets reiterated a “hold” rating and set a $49.00 price target on shares of Robert Half International in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. SunTrust Banks, Inc. downgraded shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a report on Wednesday, October 11th. Credit Suisse Group lifted their price target 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. Finally, ValuEngine downgraded shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Robert Half International currently has an average rating of “Hold” and an average price target of $51.88.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Seven Eight Capital LP grew its stake in Robert Half International by 134.7% during the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after buying an additional 1,400 shares during the period. Commonwealth Bank of Australia grew its stake in Robert Half International by 4.4% during the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after buying an additional 114 shares during the period. Globeflex Capital L P purchased a new stake in Robert Half International during the second quarter worth approximately $197,000. Hikari Power Ltd purchased a new stake in Robert Half International during the second quarter worth approximately $204,000. Finally, Bremer Trust National Association purchased a new stake in Robert Half International during the third quarter worth approximately $205,000. Institutional investors own 84.03% of the company’s stock.
Shares of Robert Half International (NYSE:RHI) traded up $0.79 during trading on Friday, reaching $52.34. The company had a trading volume of 924,062 shares, compared to its average volume of 1,069,552. The firm has a market capitalization of $6.54 billion, a P/E ratio of 20.33 and a beta of 1.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.96 annualized dividend and a yield of 1.83%. Robert Half International’s dividend payout ratio is currently 37.65%.
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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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