Robert Half International Inc. (RHI) Issues Earnings Results

Robert Half International Inc. (RHI) Issues  Earnings Results

Robert Half International Inc. (NYSE:RHI) posted its quarterly earnings results on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.03. The company earned $1.27 billion during the quarter, compared to analyst estimates of $1.29 billion. Robert Half International had a return on equity of 32.10% and a net margin of 6.54%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. Robert Half International updated its Q1 guidance to 0.55-0.61 EPS.

Shares of Robert Half International (NYSE:RHI) opened at 46.30 on Monday. The stock’s 50 day moving average is $48.94 and its 200 day moving average is $41.68. The firm has a market cap of $5.86 billion, a PE ratio of 17.34 and a beta of 1.14. Robert Half International has a 12 month low of $34.34 and a 12 month high of $50.98.

Several institutional investors have recently added to or reduced their stakes in RHI. Public Sector Pension Investment Board increased its stake in shares of Robert Half International by 16.9% in the second quarter. Public Sector Pension Investment Board now owns 24,874 shares of the company’s stock worth $949,000 after buying an additional 3,600 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Robert Half International during the second quarter worth about $668,000. GAM Holding AG increased its stake in shares of Robert Half International by 9.2% in the second quarter. GAM Holding AG now owns 34,326 shares of the company’s stock worth $1,310,000 after buying an additional 2,887 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Robert Half International by 4.1% in the second quarter. Canada Pension Plan Investment Board now owns 567,448 shares of the company’s stock worth $21,654,000 after buying an additional 22,400 shares during the last quarter. Finally, Employees Retirement System of Texas increased its stake in shares of Robert Half International by 133.3% in the second quarter. Employees Retirement System of Texas now owns 21,000 shares of the company’s stock worth $801,000 after buying an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

Several research firms have issued reports on RHI. RBC Capital Markets restated a “hold” rating and issued a $47.00 price target on shares of Robert Half International in a research report on Friday. BMO Capital Markets restated a “hold” rating and issued a $44.00 price target on shares of Robert Half International in a research report on Friday. Instinet reduced their price objective on shares of Robert Half International to $53.00 in a report on Friday. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating and set a $55.00 price objective for the company in a report on Tuesday, December 27th. Finally, Barclays PLC raised shares of Robert Half International from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $35.00 to $54.00 in a report on Tuesday, January 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $48.06.

About Robert Half International

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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