Northcoast Research Comments on Robert Half International Inc.’s FY2018 Earnings (RHI)
Robert Half International Inc. (NYSE:RHI) – Investment analysts at Northcoast Research upped their FY2018 earnings estimates for shares of Robert Half International in a research note issued on Wednesday. Northcoast Research analyst J. Healy now anticipates that the business services provider will post earnings of $3.14 per share for the year, up from their prior estimate of $2.74.
RHI has been the subject of a number of other research reports. Robert W. Baird restated a “buy” rating and issued a $67.00 price target on shares of Robert Half International in a research report on Wednesday, January 31st. Royal Bank of Canada boosted their price target on Robert Half International to $62.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. SunTrust Banks boosted their price target on Robert Half International to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Barclays boosted their price target on Robert Half International from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets reissued a “hold” rating and set a $49.00 price target on shares of Robert Half International in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.22.
Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, January 30th. The business services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. Robert Half International’s revenue for the quarter was up 6.4% on a year-over-year basis.
Several large investors have recently modified their holdings of RHI. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Robert Half International by 405.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock valued at $100,000 after buying an additional 1,600 shares during the period. Bremer Trust National Association purchased a new stake in Robert Half International in the 3rd quarter worth $205,000. Smithfield Trust Co. purchased a new stake in Robert Half International in the 3rd quarter worth $206,000. Advisor Partners LLC purchased a new stake in Robert Half International in the 4th quarter worth $262,000. Finally, Family Legacy Inc. purchased a new stake in Robert Half International in the 4th quarter worth $264,000. Institutional investors own 85.05% of the company’s stock.
In other Robert Half International news, insider Robert W. Glass sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $54.93, for a total transaction of $274,650.00. Following the transaction, the insider now owns 321,428 shares of the company’s stock, valued at $17,656,040.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Paul F. Gentzkow sold 130,247 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $56.31, for a total value of $7,334,208.57. Following the transaction, the chief operating officer now directly owns 499,733 shares in the company, valued at approximately $28,139,965.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,247 shares of company stock worth $19,152,409. Company insiders own 3.40% of the company’s stock.
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About Robert Half International
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.
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