Robert Half International (NYSE:RHI – Get Rating) issued an update on its fourth quarter 2022 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.31-$1.41 for the period, compared to the consensus estimate of $1.54. The company issued revenue guidance of $1.70 billion-$1.77 billion, compared to the consensus revenue estimate of $1.88 billion.
Analyst Ratings Changes
Several brokerages have recently issued reports on RHI. CL King reduced their price target on Robert Half International from $132.00 to $120.00 in a report on Monday, July 25th. Bank of America downgraded shares of Robert Half International from a buy rating to an underperform rating and cut their price target for the company from $133.00 to $67.00 in a report on Thursday, June 23rd. Barclays decreased their price objective on shares of Robert Half International from $105.00 to $80.00 and set an underweight rating for the company in a report on Friday, July 22nd. Truist Financial lowered Robert Half International from a hold rating to a sell rating and set a $66.00 target price on the stock. in a report on Friday, July 15th. Finally, StockNews.com assumed coverage on Robert Half International in a research note on Wednesday, October 12th. They set a buy rating for the company. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $87.71.
Robert Half International Stock Performance
Robert Half International stock opened at $79.84 on Friday. The business’s 50-day simple moving average is $78.47 and its 200-day simple moving average is $85.53. Robert Half International has a 52 week low of $71.96 and a 52 week high of $125.77. The firm has a market capitalization of $8.75 billion, a PE ratio of 12.96, a PEG ratio of 3.91 and a beta of 1.35.
Robert Half International (NYSE:RHI – Get Rating) last issued its quarterly earnings results on Thursday, October 20th. The business services provider reported $1.53 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.12). Robert Half International had a return on equity of 48.63% and a net margin of 9.54%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Research analysts forecast that Robert Half International will post 6.32 earnings per share for the current year.
Robert Half International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.72 annualized dividend and a dividend yield of 2.15%. Robert Half International’s payout ratio is 27.92%.
Insider Activity at Robert Half International
In related news, EVP Robert W. Glass sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $80.35, for a total transaction of $803,500.00. Following the transaction, the executive vice president now directly owns 247,349 shares in the company, valued at $19,874,492.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Robert Half International news, Director Dirk A. Kempthorne sold 2,662 shares of Robert Half International stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $81.13, for a total transaction of $215,968.06. Following the sale, the director now owns 14,284 shares in the company, valued at $1,158,860.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert W. Glass sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $80.35, for a total transaction of $803,500.00. Following the transaction, the executive vice president now directly owns 247,349 shares of the company’s stock, valued at $19,874,492.15. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. bought a new stake in shares of Robert Half International in the 2nd quarter valued at approximately $28,000. Covestor Ltd boosted its stake in shares of Robert Half International by 111.8% in the 1st quarter. Covestor Ltd now owns 574 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 303 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Robert Half International during the 2nd quarter worth about $77,000. Loomis Sayles & Co. L P lifted its holdings in Robert Half International by 28.5% during the 1st quarter. Loomis Sayles & Co. L P now owns 1,706 shares of the business services provider’s stock valued at $195,000 after purchasing an additional 378 shares during the last quarter. Finally, qPULA Trading Management LP acquired a new position in Robert Half International in the first quarter valued at about $200,000. Institutional investors and hedge funds own 90.96% of the company’s stock.
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 services 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 professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop 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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