Zacks Investment Research lowered shares of Robert Half International Inc. (NYSE:RHI) from a hold rating to a sell rating in a research report report published on Friday.

According to Zacks, “Robert Half reported dismal second-quarter 2017 results, wherein earnings missed the Zacks Consensus Estimate and revenues were in line with the same. Both sales and earnings depicted a year-over-year decline primarily due to sluggish hiring activity in the U.S. and soft results from the Protiviti segment. The company’s revenues missed the Zacks Consensus Estimate in four out of the trailing five quarters, which includes the recently reported quarter. Shares of Robert Half have underperformed the industry over the past six months. Despite a stronger job market, the hiring cycle remains long as employers take more time to make hiring decisions, which is negatively affecting the company’s profits. Rising costs and currency fluctuation also pose concerns for the company. Nevertheless, Robert Half has been steadily investing in technology and software to ensure future growth.”

A number of other equities analysts also recently weighed in on the company. BidaskClub downgraded Robert Half International from a hold rating to a sell rating in a research report on Friday. BMO Capital Markets boosted their price target on Robert Half International from $45.00 to $49.00 and gave the stock a market perform rating in a research report on Friday, July 14th. Royal Bank Of Canada reissued a hold rating on shares of Robert Half International in a research report on Friday, July 14th. Finally, ValuEngine downgraded Robert Half International from a buy rating to a hold rating in a research report on Thursday, June 1st. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $47.25.

Shares of Robert Half International (NYSE RHI) traded down 0.62% during mid-day trading on Friday, reaching $44.97. The company had a trading volume of 392,954 shares. Robert Half International has a 12 month low of $34.42 and a 12 month high of $50.98. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 17.43 and a beta of 1.24. The firm’s 50-day moving average is $47.76 and its 200 day moving average is $47.47.

Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. Robert Half International’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. On average, equities research analysts predict that Robert Half International will post $2.62 earnings per share for the current year.

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Several large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Robert Half International by 2,875.0% in the first quarter. BlackRock Inc. now owns 9,961,750 shares of the business services provider’s stock valued at $486,431,000 after buying an additional 9,626,906 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Robert Half International by 524.0% in the first quarter. First Trust Advisors LP now owns 821,574 shares of the business services provider’s stock valued at $40,117,000 after buying an additional 689,914 shares during the last quarter. Boston Partners increased its stake in shares of Robert Half International by 11.1% in the first quarter. Boston Partners now owns 6,529,472 shares of the business services provider’s stock valued at $318,834,000 after buying an additional 651,348 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Robert Half International by 1,888.6% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 523,985 shares of the business services provider’s stock valued at $25,584,000 after buying an additional 497,636 shares during the last quarter. Finally, Janus Capital Management LLC increased its stake in shares of Robert Half International by 2,277.0% in the first quarter. Janus Capital Management LLC now owns 465,054 shares of the business services provider’s stock valued at $22,709,000 after buying an additional 445,489 shares during the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

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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Analyst Recommendations for Robert Half International (NYSE:RHI)

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