$1.90 billion in sales expected for Robert Half International Inc. (NYSE: RHI) this quarter
Wall Street analysts expect Robert Half International Inc. (NYSE: RHI – Get Rating) to report revenue of $1.90 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates of Robert Half International’s earnings, with the lowest sales estimate of $1.88 billion and the highest estimate of $1.92 billion. Robert Half International reported sales of $1.58 billion in the same quarter last year, suggesting a positive growth rate of 20.3% year-over-year. The company is expected to announce its next results on Monday, January 1.
According to Zacks, analysts expect Robert Half International to report annual revenue of $7.54 billion for the current fiscal year, with estimates ranging from $7.45 billion to $7.63 billion. billions of dollars. For the next fiscal year, analysts expect the company to post sales of $7.96 billion, with estimates ranging from $7.92 billion to $8.02 billion. Zacks Investment Research sales averages are an average average based on a survey of research companies that track Robert Half International.
Robert Half International (NYSE: RHI – Get Rating) last released its quarterly results on Tuesday, April 26. The business services provider reported earnings per share of $1.52 for the quarter, beating the Zacks consensus estimate of $1.46 by $0.06. The company posted revenue of $1.81 billion in the quarter, versus a consensus estimate of $1.80 billion. Robert Half International had a return on equity of 48.53% and a net margin of 9.54%. The company’s quarterly revenue increased 29.8% year over year. During the same period of the previous year, the company achieved EPS of $0.98.
Several equity research analysts have recently commented on RHI shares. Bank of America upgraded Robert Half International from a “neutral” rating to a “buy” rating and raised its target price for the company from $123.00 to $133.00 in a Wednesday, April 27 report. StockNews.com upgraded Robert Half International from a “buy” rating to a “strong buy” rating in a Thursday, April 28 research report. CL King raised its price target on Robert Half International from $128.00 to $132.00 in a report on Wednesday, April 27. Truist Financial raised its target price on Robert Half International from $100.00 to $120.00 in a Friday, January 28 research note. Finally, Zacks Investment Research downgraded Robert Half International from a “buy” rating to a “hold” rating and set a price target of $130.00 for the company. in a Wednesday, March 30 research report. Two research analysts gave the stock a hold rating, three issued a buy rating and one gave the company’s stock a strong buy rating. Based on MarketBeat data, Robert Half International currently has a consensus rating of “Buy” and a consensus price target of $128.67.
NYSE: RHI opened at $97.96 on Tuesday. The stock has a market capitalization of $10.86 billion, a price/earnings ratio of 16.63, a PEG ratio of 1.62 and a beta of 1.44. The company has a fifty-day moving average of $113.16 and a 200-day moving average of $113.40. Robert Half International has a 1-year low of $83.46 and a 1-year high of $125.77.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15. Shareholders of record on Friday, February 25 received a dividend of $0.43. This is a boost from Robert Half International’s previous quarterly dividend of $0.38. This represents an annualized dividend of $1.72 and a dividend yield of 1.76%. The ex-dividend date was Thursday, February 24. Robert Half International’s dividend payout ratio (DPR) is 29.20%.
Several large investors have recently bought and sold shares of the company. Hallmark Capital Management Inc. increased its stake in Robert Half International by 6.0% during the first quarter. Hallmark Capital Management Inc. now owns 3,080 shares of the business services provider worth $352,000 after acquiring 173 additional shares in the last quarter. WBI Investments Inc. purchased a new equity stake in Robert Half International in the first quarter valued at approximately $471,000. Steward Partners Investment Advisory LLC increased its position in Robert Half International shares by 3.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 11,261 shares of the business services provider valued at $1,286,000 after acquiring 331 additional shares in the last quarter. SG Americas Securities LLC increased its position in Robert Half International shares by 46.3% in the first quarter. SG Americas Securities LLC now owns 5,948 shares of the business services provider valued at $679,000 after acquiring 1,881 additional shares in the last quarter. Finally, Latitude Advisors LLC increased its position in Robert Half International by 21.8% during the first quarter. Latitude Advisors LLC now owns 3,895 shares of the business services provider worth $445,000 after buying 697 additional shares in the last quarter. Institutional investors and hedge funds hold 86.40% of the company’s shares.
Company Profile Robert Half International (Get an evaluation)
Robert Half International Inc provides recruitment and risk consulting services in North America, South America, Europe, Asia and Australia. The company operates through three segments: Temporary Staff and Consultants, Permanent Placement, and Risk and Internal Audit Advisory Services. He places temporary services for accounting, finance and bookkeeping; temporary and full-time clerical and administrative staff consisting of executive and administrative assistants, receptionists and customer service representatives; full-time accounting, finance, tax and accounting staff; and contract information technology professionals and full-time employees in the areas of platform systems integration to end-user desktop and technical support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.
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