Robert Half International (RHI) Rating Increased to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Robert Half International (NYSE:RHI) from a sell rating to a hold rating in a research report released on Thursday.
According to Zacks, “Robert Half continues to benefit from the U.S. staffing industry which stands to gain from the promising developments in the broader economy. Investments in software initiatives and technology infrastructure should add to the company’s future growth opportunities. Robust performance of the company's subsidiary, Protiviti is another major positive. The company is consistent in rewarding its shareholders. The company's shares have outperformed its industry in the past year. On the flip side, Robert Half continues to witness escalation in costs due to huge investments in software and technology. Its European operations remain vulnerable to the economic uncertainty especially Brexit. “
Other equities analysts have also issued reports about the stock. Bank of America initiated coverage on shares of Robert Half International in a report on Tuesday, October 23rd. They issued a buy rating and a $74.00 price objective on the stock. Nomura upped their target price on shares of Robert Half International from $80.00 to $86.00 and gave the company a buy rating in a research note on Tuesday, September 18th. ValuEngine downgraded shares of Robert Half International from a buy rating to a hold rating in a research note on Wednesday, October 24th. BMO Capital Markets upped their target price on shares of Robert Half International from $68.00 to $70.00 and gave the company a market perform rating in a research note on Wednesday, October 24th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Robert Half International from $82.00 to $78.00 and set an overweight rating for the company in a research note on Wednesday, October 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Robert Half International has a consensus rating of Hold and an average target price of $69.73.
Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. Robert Half International had a net margin of 6.49% and a return on equity of 36.34%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the business posted $0.68 earnings per share. Robert Half International’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts anticipate that Robert Half International will post 3.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 23rd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.92%. The ex-dividend date was Wednesday, November 21st. Robert Half International’s payout ratio is presently 43.08%.
Large investors have recently modified their holdings of the business. NEXT Financial Group Inc bought a new stake in shares of Robert Half International during the third quarter worth $106,000. Parallel Advisors LLC increased its position in shares of Robert Half International by 1,113.6% during the third quarter. Parallel Advisors LLC now owns 2,233 shares of the business services provider’s stock worth $157,000 after acquiring an additional 2,049 shares in the last quarter. Squar Milner Financial Services LLC bought a new stake in shares of Robert Half International during the third quarter worth $171,000. National Pension Service bought a new stake in shares of Robert Half International during the third quarter worth $176,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Robert Half International during the third quarter worth $202,000. 92.23% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: What is cost of equity?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Robert Half International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International and related companies with MarketBeat.com's FREE daily email newsletter.