Zacks: Brokerages Anticipate Robert Half International Inc. (NYSE:RHI) Will Post Earnings of $1.59 Per Share

Wall Street analysts expect that Robert Half International Inc. (NYSE:RHIGet Rating) will report earnings of $1.59 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Robert Half International’s earnings, with estimates ranging from $1.56 to $1.63. Robert Half International posted earnings of $1.33 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.5%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Robert Half International will report full year earnings of $6.40 per share for the current fiscal year, with EPS estimates ranging from $6.20 to $6.64. For the next financial year, analysts forecast that the business will report earnings of $6.87 per share, with EPS estimates ranging from $6.46 to $7.30. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Robert Half International.

Robert Half International (NYSE:RHIGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.06. Robert Half International had a return on equity of 48.53% and a net margin of 9.54%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the company earned $0.98 earnings per share. The firm’s revenue was up 29.8% compared to the same quarter last year.

A number of brokerages have commented on RHI. Truist Financial raised their price objective on Robert Half International from $100.00 to $120.00 in a research note on Friday, January 28th. StockNews.com raised Robert Half International from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Bank of America raised Robert Half International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $123.00 to $133.00 in a research report on Wednesday. Zacks Investment Research cut Robert Half International from a “buy” rating to a “hold” rating and set a $130.00 target price on the stock. in a research report on Wednesday, March 30th. Finally, CL King lifted their target price on Robert Half International from $128.00 to $132.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $128.67.

Several hedge funds and other institutional investors have recently made changes to their positions in RHI. Norges Bank purchased a new position in shares of Robert Half International in the fourth quarter valued at $115,688,000. Allspring Global Investments Holdings LLC purchased a new position in Robert Half International during the fourth quarter worth about $114,599,000. Acadian Asset Management LLC grew its position in Robert Half International by 35.2% during the fourth quarter. Acadian Asset Management LLC now owns 2,123,299 shares of the business services provider’s stock worth $236,749,000 after buying an additional 552,918 shares in the last quarter. TimesSquare Capital Management LLC grew its position in Robert Half International by 35.7% during the third quarter. TimesSquare Capital Management LLC now owns 1,018,400 shares of the business services provider’s stock worth $102,176,000 after buying an additional 268,100 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in Robert Half International by 70.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 617,078 shares of the business services provider’s stock worth $68,724,000 after buying an additional 254,892 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

NYSE RHI traded down $3.50 during trading hours on Friday, hitting $98.31. 744,370 shares of the company’s stock were exchanged, compared to its average volume of 922,421. The stock has a 50-day simple moving average of $113.57 and a 200 day simple moving average of $113.44. Robert Half International has a 1-year low of $83.46 and a 1-year high of $125.77. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.67 and a beta of 1.44.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Friday, February 25th were paid a $0.43 dividend. The ex-dividend date was Thursday, February 24th. This is a positive change from Robert Half International’s previous quarterly dividend of $0.38. This represents a $1.72 annualized dividend and a dividend yield of 1.75%. Robert Half International’s payout ratio is presently 29.20%.

Robert Half International Company Profile (Get Rating)

Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary services for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.

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Earnings History and Estimates for Robert Half International (NYSE:RHI)

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