Robert Half International Inc. (RHI) Announces Quarterly Earnings Results

Robert Half International Inc. (NYSE:RHI) issued its quarterly earnings data on Thursday. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. The company earned $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Robert Half International had a return on equity of 31.97% and a net margin of 6.54%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $0.64 earnings per share.

Shares of Robert Half International (NYSE:RHI) traded up 1.57% during mid-day trading on Thursday, reaching $45.91. The company had a trading volume of 1,684,039 shares. The firm’s 50-day moving average price is $47.28 and its 200 day moving average price is $45.54. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 17.19 and a beta of 1.18. Robert Half International has a 52-week low of $34.34 and a 52-week high of $50.98.

Earnings History for Robert Half International (NYSE:RHI)

RHI has been the subject of a number of analyst reports. Zacks Investment Research cut Robert Half International from a “hold” rating to a “sell” rating in a report on Tuesday, February 21st. Instinet cut their price objective on Robert Half International from $55.00 to $53.00 and set a “buy” rating for the company in a report on Friday, January 27th. BMO Capital Markets reissued a “hold” rating and set a $44.00 price objective on shares of Robert Half International in a report on Friday, January 27th. Royal Bank of Canada reissued a “hold” rating and set a $49.00 price objective on shares of Robert Half International in a report on Friday, January 20th. Finally, Barclays PLC raised Robert Half International from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $35.00 to $54.00 in a report on Tuesday, January 10th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.18.

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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.

5 Day Chart for NYSE:RHI

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