Robert Half International (RHI) Releases Q4 Earnings Guidance
Robert Half International (NYSE:RHI) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.56-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.64.
A number of brokerages have recently commented on RHI. ValuEngine upgraded shares of Robert Half International from a hold rating to a buy rating in a report on Friday, September 22nd. BMO Capital Markets reiterated a hold rating and issued a $49.00 price target on shares of Robert Half International in a research note on Friday, October 13th. Macquarie cut shares of Robert Half International from a neutral rating to an underperform rating and dropped their price target for the stock from $56.66 to $42.00 in a research note on Tuesday, December 5th. Royal Bank of Canada reiterated a hold rating on shares of Robert Half International in a research note on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of Robert Half International from a sell rating to a hold rating in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $50.78.
Robert Half International (RHI) opened at $55.43 on Thursday. The stock has a market capitalization of $6,979.48, a P/E ratio of 21.74 and a beta of 1.32. Robert Half International has a 52 week low of $42.92 and a 52 week high of $57.67.
Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. equities analysts expect that Robert Half International will post 2.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were paid a $0.24 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $0.96 annualized dividend and a yield of 1.73%. Robert Half International’s payout ratio is 37.65%.
In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $52.31, for a total transaction of $5,231,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert W. Glass sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $54.93, for a total value of $274,650.00. Following the transaction, the insider now owns 321,428 shares of the company’s stock, valued at $17,656,040.04. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.
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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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