Q3 2016 EPS Estimates for Robert Half International Inc. (RHI) Decreased by Analyst
Robert Half International Inc. (NYSE:RHI) – Research analysts at William Blair decreased their Q3 2016 earnings per share estimates for Robert Half International in a research report issued on Tuesday. William Blair analyst T. Mchugh now anticipates that the firm will earn $0.69 per share for the quarter, down from their prior estimate of $0.71.
Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, July 26th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.02. Robert Half International had a net margin of 6.94% and a return on equity of 35.42%. The firm earned $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company posted $0.67 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year.
A number of other brokerages have also weighed in on RHI. Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating in a research report on Monday. BMO Capital Markets downgraded Robert Half International from an “outperform” rating to a “market perform” rating and cut their price target for the company from $45.00 to $36.00 in a report on Wednesday, July 27th. Bank of America Corp. downgraded Robert Half International from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Wednesday, July 13th. Northcoast Research downgraded Robert Half International from a “neutral” rating to a “sell” rating in a report on Thursday, September 29th. Finally, Macquarie initiated coverage on Robert Half International in a report on Thursday, August 25th. They issued a “neutral” rating and a $43.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.53.
Robert Half International (NYSE:RHI) traded up 0.58% on Wednesday, reaching $38.28. The company’s stock had a trading volume of 222,508 shares. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 13.71 and a beta of 1.26. Robert Half International has a 1-year low of $34.34 and a 1-year high of $54.01. The firm’s 50 day moving average price is $37.84 and its 200-day moving average price is $39.30.
In other news, insider Robert W. Glass sold 30,061 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $36.93, for a total value of $1,110,152.73. Following the completion of the transaction, the insider now owns 340,972 shares of the company’s stock, valued at approximately $12,592,095.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of RHI. Reinhart Partners Inc. boosted its position in shares of Robert Half International by 2.5% in the third quarter. Reinhart Partners Inc. now owns 761,513 shares of the company’s stock valued at $28,831,000 after buying an additional 18,668 shares during the period. Investment Management of Virginia LLC bought a new position in shares of Robert Half International during the third quarter valued at about $1,555,000. Genesee Valley Trust Co. bought a new position in shares of Robert Half International during the third quarter valued at about $282,000. Nisa Investment Advisors LLC boosted its position in shares of Robert Half International by 2.4% in the third quarter. Nisa Investment Advisors LLC now owns 68,467 shares of the company’s stock valued at $2,592,000 after buying an additional 1,628 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in shares of Robert Half International during the third quarter valued at about $261,000. 85.08% of the stock is owned by institutional investors and hedge funds.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.
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