Robert Half International Inc. (NYSE:RHI) Expected to Post Quarterly Sales of $1.90 Billion

Wall Street brokerages expect Robert Half International Inc. (NYSE:RHIGet Rating) to announce $1.90 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Robert Half International’s earnings, with the highest sales estimate coming in at $1.92 billion and the lowest estimate coming in at $1.88 billion. Robert Half International posted sales of $1.58 billion in the same quarter last year, which suggests a positive year over year growth rate of 20.3%. The firm is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Robert Half International will report full-year sales of $7.54 billion for the current fiscal year, with estimates ranging from $7.45 billion to $7.63 billion. For the next financial year, analysts forecast that the firm will report sales of $7.96 billion, with estimates ranging from $7.92 billion to $8.02 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Robert Half International.

Robert Half International (NYSE:RHIGet Rating) last posted its earnings results on Tuesday, April 26th. The business services provider reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.06. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Robert Half International had a return on equity of 48.53% and a net margin of 9.54%. Robert Half International’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share.

RHI has been the topic of a number of analyst reports. CL King increased their price objective on Robert Half International from $128.00 to $132.00 in a research note on Wednesday, April 27th. Truist Financial raised their price target on Robert Half International from $100.00 to $120.00 in a research note on Friday, January 28th. Zacks Investment Research lowered Robert Half International from a “buy” rating to a “hold” rating and set a $130.00 price target on the stock. in a research note on Wednesday, March 30th. StockNews.com upgraded Robert Half International from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 28th. Finally, Bank of America upgraded Robert Half International from a “neutral” rating to a “buy” rating and raised their target price for the company from $123.00 to $133.00 in a report on Wednesday, April 27th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $128.67.

Robert Half International stock opened at $97.96 on Tuesday. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44. Robert Half International has a fifty-two week low of $83.46 and a fifty-two week high of $125.77. The stock’s fifty day moving average is $113.16 and its two-hundred day moving average is $113.40.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Friday, February 25th were paid a $0.43 dividend. This is a boost from Robert Half International’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 1.76%. Robert Half International’s dividend payout ratio is presently 29.20%.

Several large investors have recently added to or reduced their stakes in the company. Hallmark Capital Management Inc. grew its stake in shares of Robert Half International by 6.0% in the first quarter. Hallmark Capital Management Inc. now owns 3,080 shares of the business services provider’s stock worth $352,000 after purchasing an additional 173 shares in the last quarter. WBI Investments Inc. acquired a new stake in shares of Robert Half International in the first quarter valued at $471,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Robert Half International by 3.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 11,261 shares of the business services provider’s stock valued at $1,286,000 after buying an additional 331 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Robert Half International by 46.3% in the first quarter. SG Americas Securities LLC now owns 5,948 shares of the business services provider’s stock valued at $679,000 after buying an additional 1,881 shares during the period. Finally, Latitude Advisors LLC lifted its holdings in shares of Robert Half International by 21.8% in the first quarter. Latitude Advisors LLC now owns 3,895 shares of the business services provider’s stock valued at $445,000 after buying an additional 697 shares during the period. 86.40% of the stock is owned by institutional investors.

About Robert Half International (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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