Robert Half International Inc. (NYSE:RHI) Expected to Post Quarterly Sales of $1.13 Billion

Wall Street analysts predict that Robert Half International Inc. (NYSE:RHI) will report sales of $1.13 billion for the current quarter, according to Zacks. Four analysts have made estimates for Robert Half International’s earnings. The lowest sales estimate is $1.06 billion and the highest is $1.18 billion. Robert Half International reported sales of $1.52 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 25.7%. The firm is expected to report its next quarterly earnings results on Tuesday, July 28th.

According to Zacks, analysts expect that Robert Half International will report full-year sales of $5.20 billion for the current fiscal year, with estimates ranging from $4.94 billion to $5.58 billion. For the next year, analysts forecast that the firm will post sales of $5.56 billion, with estimates ranging from $5.13 billion to $5.82 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Robert Half International.

Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.43 billion. Robert Half International had a return on equity of 38.67% and a net margin of 7.11%. Robert Half International’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share.

Several equities analysts recently weighed in on the company. Royal Bank of Canada reiterated a “hold” rating and set a $47.00 target price on shares of Robert Half International in a research report on Sunday, April 12th. SunTrust Banks lowered their target price on Robert Half International from $67.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, April 3rd. CL King lowered their target price on Robert Half International from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Credit Suisse Group upgraded Robert Half International from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $32.00 to $51.00 in a research report on Thursday, May 21st. They noted that the move was a valuation call. Finally, BMO Capital Markets boosted their price objective on Robert Half International from $45.00 to $53.00 in a research report on Friday, April 24th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $54.80.

Hedge funds have recently modified their holdings of the company. Carroll Financial Associates Inc. bought a new stake in shares of Robert Half International in the first quarter worth about $25,000. Pinz Capital Management LP bought a new stake in shares of Robert Half International in the first quarter worth about $26,000. Exchange Traded Concepts LLC bought a new stake in shares of Robert Half International in the first quarter worth about $31,000. Ballast Advisors LLC bought a new stake in shares of Robert Half International in the first quarter worth about $37,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Robert Half International in the fourth quarter worth about $38,000. 90.85% of the stock is currently owned by hedge funds and other institutional investors.

NYSE RHI traded up $0.23 on Friday, hitting $51.72. 815,037 shares of the company traded hands, compared to its average volume of 1,576,275. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 8.13 and a beta of 1.59. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average price is $51.09 and its 200-day moving average price is $52.02. Robert Half International has a 52-week low of $32.38 and a 52-week high of $63.97.

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, May 26th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.36 annualized dividend and a dividend yield of 2.63%. Robert Half International’s dividend payout ratio (DPR) is 34.87%.

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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