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.
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.
COPYRIGHT VIOLATION WARNING: This article was first reported by WKRB News and is owned by of WKRB News. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at http://www.wkrb13.com/markets/2065339/robert-half-international-inc-rhi-announces-quarterly-earnings-results.html.
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.
This story was originally published by WKRB News (http://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.wkrb13.com/markets/2065339/robert-half-international-inc-rhi-announces-quarterly-earnings-results.html
Receive News & Ratings for Robert Half International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.