Zacks: Analysts Expect Robert Half International Inc. (RHI) to Announce $0.69 Earnings Per Share

Brokerages expect Robert Half International Inc. (NYSE:RHI) to report $0.69 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Robert Half International’s earnings. The lowest EPS estimate is $0.67 and the highest is $0.72. Robert Half International posted earnings of $0.71 per share during the same quarter last year, which indicates a negative year over year growth rate of 2.8%. The firm is scheduled to report its next earnings report on Wednesday, October 25th.

On average, analysts expect that Robert Half International will report full-year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.56 to $2.70. For the next year, analysts anticipate that the company will report earnings of $2.82 per share, with EPS estimates ranging from $2.68 to $3.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Robert Half International.

Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS.

A number of analysts have recently weighed in on RHI shares. BidaskClub lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. BMO Capital Markets increased their price objective on shares of Robert Half International from $45.00 to $49.00 and gave the stock a “market perform” rating in a research note on Friday, July 14th. Finally, ValuEngine lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $47.25.

A number of institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in Robert Half International during the first quarter valued at $2,817,000. Clinton Group Inc. acquired a new position in Robert Half International during the first quarter valued at $1,169,000. Macquarie Group Ltd. increased its position in Robert Half International by 66.0% in the fourth quarter. Macquarie Group Ltd. now owns 12,069 shares of the business services provider’s stock valued at $589,000 after buying an additional 4,800 shares in the last quarter. Retirement Systems of Alabama increased its position in Robert Half International by 5.3% in the first quarter. Retirement Systems of Alabama now owns 313,751 shares of the business services provider’s stock valued at $15,320,000 after buying an additional 15,687 shares in the last quarter. Finally, DnB Asset Management AS acquired a new position in Robert Half International during the first quarter valued at $511,000. 87.30% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Robert Half International (RHI) traded down 1.35% on Wednesday, hitting $44.51. 1,263,625 shares of the stock traded hands. Robert Half International has a one year low of $34.42 and a one year high of $50.98. The stock has a 50 day moving average of $47.71 and a 200 day moving average of $47.43. The company has a market cap of $5.55 billion, a PE ratio of 17.25 and a beta of 1.23.

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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Earnings History and Estimates for Robert Half International (NYSE:RHI)

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