Robert Half International Inc. (NYSE:RHI) has been given an average rating of “Hold” by the twelve ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $68.38.
A number of equities analysts have issued reports on RHI shares. Zacks Investment Research cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada started coverage on shares of Robert Half International in a research note on Tuesday, April 16th. They issued a “sector perform” rating on the stock. Finally, BMO Capital Markets reduced their price objective on shares of Robert Half International from $68.00 to $62.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th.
Shares of Robert Half International stock traded down $0.20 during midday trading on Tuesday, reaching $55.48. The company had a trading volume of 74,579 shares, compared to its average volume of 1,341,680. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.19. The firm has a market cap of $6.66 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.79 and a beta of 1.33. The company’s fifty day moving average is $56.08. Robert Half International has a 1-year low of $52.79 and a 1-year high of $79.91.
Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.02). Robert Half International had a net margin of 7.63% and a return on equity of 40.97%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business posted $0.80 earnings per share. Robert Half International’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts expect that Robert Half International will post 3.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.24%. Robert Half International’s dividend payout ratio is 34.35%.
Several hedge funds and other institutional investors have recently made changes to their positions in RHI. Oregon Public Employees Retirement Fund boosted its position in shares of Robert Half International by 5,320.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,711,538 shares of the business services provider’s stock worth $30,000 after purchasing an additional 1,679,961 shares in the last quarter. Norges Bank bought a new position in shares of Robert Half International during the fourth quarter worth $65,054,000. BlackRock Inc. boosted its position in shares of Robert Half International by 12.0% during the fourth quarter. BlackRock Inc. now owns 9,860,736 shares of the business services provider’s stock worth $564,035,000 after purchasing an additional 1,056,596 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Robert Half International by 7.8% during the third quarter. Vanguard Group Inc now owns 14,590,476 shares of the business services provider’s stock worth $1,026,877,000 after purchasing an additional 1,053,543 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Robert Half International by 11.3% during the first quarter. AQR Capital Management LLC now owns 6,672,856 shares of the business services provider’s stock worth $434,804,000 after purchasing an additional 676,123 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors.
Robert Half International Company Profile
Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.
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