Equities research analysts predict that Robert Half International Inc. (NYSE:RHI) will post $1.31 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for Robert Half International’s earnings, with estimates ranging from $1.30 billion to $1.32 billion. Robert Half International posted sales of $1.27 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The business is expected to issue its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Robert Half International will report full-year sales of $1.31 billion for the current financial year, with estimates ranging from $5.22 billion to $5.24 billion. For the next fiscal year, analysts expect that the business will post sales of $5.47 billion per share, with estimates ranging from $5.38 billion to $5.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Robert Half International.

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 the Zacks’ consensus estimate of $0.70 by ($0.02). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share.

Several brokerages have issued reports on RHI. BidaskClub lowered Robert Half International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Robert W. Baird boosted their target price on Robert Half International from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. BMO Capital Markets boosted their target price on Robert Half International from $49.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, October 25th. Finally, ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.78.

In other news, insider Robert W. Glass sold 5,000 shares of Robert Half International stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $54.93, for a total value of $274,650.00. Following the completion of the transaction, the insider now directly owns 321,428 shares in the company, valued at $17,656,040.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of Robert Half International stock in a transaction on Monday, November 6th. The shares were sold at an average price of $52.31, for a total value of $5,231,000.00. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in RHI. Canada Pension Plan Investment Board grew its position in shares of Robert Half International by 19.6% in the second quarter. Canada Pension Plan Investment Board now owns 350,058 shares of the business services provider’s stock valued at $16,778,000 after purchasing an additional 57,401 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Robert Half International by 3.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 604,518 shares of the business services provider’s stock worth $28,975,000 after buying an additional 20,533 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Robert Half International by 12.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 12,176 shares of the business services provider’s stock worth $610,000 after buying an additional 1,382 shares in the last quarter. LMR Partners LLP grew its position in Robert Half International by 105.0% during the second quarter. LMR Partners LLP now owns 13,400 shares of the business services provider’s stock worth $642,000 after buying an additional 6,863 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its position in Robert Half International by 21.2% during the second quarter. State of Wisconsin Investment Board now owns 160,242 shares of the business services provider’s stock worth $7,680,000 after buying an additional 28,030 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.

Shares of Robert Half International (NYSE:RHI) opened at $54.36 on Wednesday. The stock has a market capitalization of $6,839.08, a price-to-earnings ratio of 21.40 and a beta of 1.32. Robert Half International has a one year low of $42.92 and a one year high of $57.67.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, November 22nd. Robert Half International’s dividend payout ratio (DPR) is presently 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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Earnings History and Estimates for Robert Half International (NYSE:RHI)

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