Shares of Robert Half International Inc. (NYSE:RHI) have been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the company. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $45.92.
A number of research analysts have weighed in on RHI shares. BMO Capital Markets cut shares of Robert Half International from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $45.00 to $36.00 in a report on Wednesday, July 27th. Bank of America Corp. cut shares of Robert Half International from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a report on Wednesday, July 13th. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a report on Tuesday. Macquarie started coverage on shares of Robert Half International in a report on Thursday, August 25th. They issued a “neutral” rating and a $43.00 price objective for the company. Finally, RBC Capital Markets set a $42.00 price objective on shares of Robert Half International and gave the company a “buy” rating in a report on Wednesday, July 27th.
Shares of Robert Half International (NYSE:RHI) traded up 1.22% during mid-day trading on Tuesday, hitting $38.03. 377,663 shares of the stock traded hands. The company has a market cap of $4.89 billion, a P/E ratio of 13.62 and a beta of 1.29. The firm has a 50 day moving average of $37.81 and a 200 day moving average of $39.98. Robert Half International has a 12 month low of $34.34 and a 12 month high of $54.01.
Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, July 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.02. Robert Half International had a return on equity of 35.42% and a net margin of 6.94%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts anticipate that Robert Half International will post $2.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.88 annualized dividend and a yield of 2.34%. Robert Half International’s payout ratio is 31.54%.
In other Robert Half International news, insider Robert W. Glass sold 30,061 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $36.93, for a total value of $1,110,152.73. Following the transaction, the insider now directly owns 340,972 shares in the company, valued at approximately $12,592,095.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.40% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Robert Half International during the second quarter valued at $202,000. Kentucky Retirement Systems purchased a new position in Robert Half International during the second quarter valued at $426,000. Mason Street Advisors LLC purchased a new position in Robert Half International during the second quarter valued at $675,000. Northwestern Mutual Wealth Management Co. raised its position in Robert Half International by 3.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,526 shares of the company’s stock valued at $211,000 after buying an additional 170 shares during the last quarter. Finally, Personal Capital Advisors Corp raised its position in Robert Half International by 3.4% in the second quarter. Personal Capital Advisors Corp now owns 183,669 shares of the company’s stock valued at $7,009,000 after buying an additional 5,995 shares during the last quarter. Institutional investors own 85.17% of the company’s stock.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.
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