$1.31 Billion in Sales Expected for Robert Half International Inc. (RHI) This Quarter
Brokerages predict that Robert Half International Inc. (NYSE:RHI) will report sales of $1.31 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Robert Half International’s earnings. The lowest sales estimate is $1.31 billion and the highest is $1.32 billion. Robert Half International posted sales of $1.34 billion in the same quarter last year, which suggests a negative year over year growth rate of 2.2%. The company is expected to issue its next quarterly earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that Robert Half International will report full year sales of $1.31 billion for the current fiscal year, with estimates ranging from $5.15 billion to $5.28 billion. For the next financial year, analysts anticipate that the business will post sales of $5.44 billion per share, with estimates ranging from $5.25 billion to $5.59 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Robert Half International.
Robert Half International (NYSE:RHI) last released its earnings results on Thursday, April 20th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.04. Robert Half International had a net margin of 6.47% and a return on equity of 31.26%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company earned $0.64 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis.
A number of brokerages have recently weighed in on RHI. ValuEngine downgraded Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. BMO Capital Markets reiterated a “hold” rating and issued a $45.00 target price on shares of Robert Half International in a report on Friday, April 21st. Finally, Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.44.
In other Robert Half International news, insider Robert W. Glass sold 22,237 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $47.35, for a total transaction of $1,052,921.95. Following the completion of the sale, the insider now owns 326,428 shares of the company’s stock, valued at $15,456,365.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Achmea Investment Management B.V. bought a new stake in shares of Robert Half International during the first quarter worth about $4,178,000. Goldman Sachs Group Inc. boosted its stake in shares of Robert Half International by 6.2% in the first quarter. Goldman Sachs Group Inc. now owns 746,978 shares of the business services provider’s stock worth $36,474,000 after buying an additional 43,605 shares during the last quarter. Bank of Nova Scotia bought a new stake in shares of Robert Half International during the first quarter worth about $1,285,000. Financial Advisors Network Inc. boosted its stake in shares of Robert Half International by 9.2% in the first quarter. Financial Advisors Network Inc. now owns 5,945 shares of the business services provider’s stock worth $282,000 after buying an additional 501 shares during the last quarter. Finally, Janus Capital Management LLC boosted its stake in shares of Robert Half International by 2,277.0% in the first quarter. Janus Capital Management LLC now owns 465,054 shares of the business services provider’s stock worth $22,709,000 after buying an additional 445,489 shares during the last quarter. 88.05% of the stock is owned by hedge funds and other institutional investors.
Shares of Robert Half International (RHI) opened at 47.75 on Friday. Robert Half International has a 52-week low of $34.34 and a 52-week high of $50.98. The firm has a market capitalization of $5.99 billion, a PE ratio of 18.01 and a beta of 1.22. The company has a 50 day moving average of $46.85 and a 200 day moving average of $47.57.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $0.96 dividend on an annualized basis and a yield of 2.01%. Robert Half International’s payout ratio is currently 36.23%.
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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