Robert Half International Inc. (RHI) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Robert Half International Inc. (NYSE:RHI) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $51.25.
A number of equities analysts have weighed in on the company. Macquarie lowered Robert Half International from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $56.66 to $42.00 in a research note on Tuesday, December 5th. ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. BMO Capital Markets upped their target price on Robert Half International from $49.00 to $53.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 25th. Finally, Credit Suisse Group upped their target price on Robert Half International from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th.
In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $52.31, for a total transaction of $5,231,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert W. Glass sold 5,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $54.93, for a total value of $274,650.00. Following the transaction, the insider now owns 321,428 shares in the company, valued at $17,656,040.04. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.
Shares of Robert Half International (NYSE RHI) traded down $0.13 on Friday, reaching $54.22. The company had a trading volume of 875,000 shares, compared to its average volume of 1,059,466. The stock has a market cap of $6,812.76, a PE ratio of 21.31 and a beta of 1.32. Robert Half International has a twelve month low of $42.92 and a twelve month high of $57.67.
Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. Robert Half International’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. equities analysts forecast that Robert Half International will post 2.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.96 annualized dividend and a dividend yield of 1.77%. Robert Half International’s dividend payout ratio (DPR) is presently 37.65%.
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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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