Robert Half International Inc. (RHI) Releases Q1 Earnings Guidance

Robert Half International Inc. (RHI) Releases Q1 Earnings Guidance

Robert Half International Inc. (NYSE:RHI) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of 0.55-0.61 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.65. The company issued revenue guidance of $1.25-1.31 billion, compared to the consensus revenue estimate of $1.31 billion.

A number of brokerages recently issued reports on RHI. RBC Capital Markets reiterated a hold rating and issued a $47.00 target price on shares of Robert Half International in a research report on Friday. BMO Capital Markets reiterated a hold rating and issued a $44.00 target price on shares of Robert Half International in a research report on Friday. Instinet decreased their target price on shares of Robert Half International to $53.00 in a research report on Friday. Zacks Investment Research upgraded shares of Robert Half International from a sell rating to a hold rating and set a $55.00 target price for the company in a research report on Tuesday, December 27th. Finally, Barclays PLC upgraded shares of Robert Half International from an underweight rating to an equal weight rating and increased their target price for the company from $35.00 to $54.00 in a research report on Tuesday, January 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $48.06.

Shares of Robert Half International Inc. (NYSE:RHI) opened at 46.30 on Monday. Robert Half International Inc. has a 52-week low of $34.34 and a 52-week high of $50.98. The stock has a 50 day moving average of $48.94 and a 200-day moving average of $41.68. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 17.34 and a beta of 1.14.

Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.03. The firm 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%. Robert Half International’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. On average, equities research analysts predict that Robert Half International Inc. will post $2.72 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the company. Tredje AP fonden raised its stake in shares of Robert Half International by 756.0% in the second quarter. Tredje AP fonden now owns 4,280 shares of the company’s stock worth $163,000 after buying an additional 3,780 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Robert Half International during the second quarter worth approximately $204,000. Wetherby Asset Management Inc. purchased a new stake in shares of Robert Half International during the second quarter worth approximately $220,000. Mackenzie Financial Corp raised its stake in shares of Robert Half International by 10.8% in the second quarter. Mackenzie Financial Corp now owns 8,662 shares of the company’s stock worth $331,000 after buying an additional 845 shares during the last quarter. Finally, Accuvest Global Advisors purchased a new stake in shares of Robert Half International during the second quarter worth approximately $355,000. Hedge funds and other institutional investors own 85.51% 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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