Robert Half International Inc. (RHI) Receives $45.38 Consensus PT from Brokerages
Shares of Robert Half International Inc. (NYSE:RHI) have been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $45.38.
Several research firms have weighed in on RHI. Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st. ValuEngine downgraded Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $45.00 target price on shares of Robert Half International in a research report on Friday, April 21st.
Robert Half International (NYSE:RHI) traded up 0.48% during midday trading on Friday, reaching $47.69. 602,286 shares of the company’s stock were exchanged. Robert Half International has a 12 month low of $34.34 and a 12 month high of $50.98. The stock has a market cap of $5.99 billion, a PE ratio of 17.99 and a beta of 1.22. The firm has a 50 day moving average of $46.99 and a 200-day moving average of $47.66.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Thursday, April 20th. The business services provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.04. Robert Half International had a return on equity of 31.26% and a net margin of 6.47%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the company posted $0.64 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts predict that Robert Half International will post $2.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, May 25th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $0.96 annualized dividend and a yield of 2.01%. Robert Half International’s payout ratio is presently 36.23%.
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In related news, insider Robert W. Glass sold 22,237 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $47.35, for a total transaction of $1,052,921.95. Following the sale, the insider now owns 326,428 shares in the company, valued at approximately $15,456,365.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in RHI. Van ECK Associates Corp raised its stake in Robert Half International by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 2,308 shares of the business services provider’s stock valued at $113,000 after buying an additional 93 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in Robert Half International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the business services provider’s stock valued at $138,000 after buying an additional 1,328 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Robert Half International during the first quarter valued at $148,000. Ameritas Investment Partners Inc. bought a new stake in Robert Half International during the first quarter valued at $152,000. Finally, Daiwa Securities Group Inc. raised its stake in Robert Half International by 16.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the business services provider’s stock valued at $176,000 after buying an additional 500 shares during the last quarter. Institutional investors own 87.93% of the company’s stock.
Robert Half International Company Profile
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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