Analysts Expect Robert Half International Inc. (RHI) Will Post Quarterly Sales of $1.46 Billion

Brokerages expect that Robert Half International Inc. (NYSE:RHI) will report $1.46 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Robert Half International’s earnings, with the highest sales estimate coming in at $1.47 billion and the lowest estimate coming in at $1.43 billion. Robert Half International posted sales of $1.35 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The firm is expected to report its next quarterly earnings report on Tuesday, January 29th.

According to Zacks, analysts expect that Robert Half International will report full-year sales of $5.78 billion for the current year, with estimates ranging from $5.75 billion to $5.79 billion. For the next financial year, analysts forecast that the company will report sales of $6.18 billion, with estimates ranging from $6.06 billion to $6.35 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Robert Half International.

Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 23rd. The business services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Robert Half International had a return on equity of 36.34% and a net margin of 6.49%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year.

RHI has been the subject of several recent research reports. Zacks Investment Research raised Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Thursday, October 25th. Nomura raised their price objective on Robert Half International from $80.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. Bank of America initiated coverage on Robert Half International in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 price objective for the company. ValuEngine cut Robert Half International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, BMO Capital Markets raised their price objective on Robert Half International from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, October 24th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Robert Half International presently has an average rating of “Hold” and an average price target of $69.33.

NYSE RHI traded down $0.98 during trading hours on Tuesday, hitting $58.26. 1,117,167 shares of the company traded hands, compared to its average volume of 1,138,402. Robert Half International has a twelve month low of $51.35 and a twelve month high of $79.91. The stock has a market capitalization of $7.08 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.32.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 23rd will be given a $0.28 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.92%. Robert Half International’s payout ratio is 43.08%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RHI. NEXT Financial Group Inc bought a new position in shares of Robert Half International during the third quarter worth approximately $106,000. Parallel Advisors LLC increased its stake in shares of Robert Half International by 1,113.6% during the third quarter. Parallel Advisors LLC now owns 2,233 shares of the business services provider’s stock worth $157,000 after purchasing an additional 2,049 shares during the period. Squar Milner Financial Services LLC bought a new position in shares of Robert Half International during the third quarter worth approximately $171,000. National Pension Service bought a new position in shares of Robert Half International during the third quarter worth approximately $176,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Robert Half International during the third quarter worth approximately $202,000. 92.26% of the stock is owned by institutional investors.

Robert Half International Company Profile

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 personnel 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 consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.

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