Robert Half International (RHI) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Robert Half International (NYSE:RHI) posted its earnings results on Tuesday. The business services provider reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.02), Bloomberg Earnings reports. Robert Half International had a return on equity of 39.61% and a net margin of 7.49%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.
NYSE RHI traded up $1.40 during trading hours on Tuesday, reaching $68.79. 2,142,000 shares of the company’s stock traded hands, compared to its average volume of 1,088,719. Robert Half International has a 52-week low of $52.79 and a 52-week high of $79.91. The stock has a market cap of $8.02 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 1.99 and a beta of 1.33.
Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada assumed coverage on shares of Robert Half International in a research report on Tuesday, April 16th. They issued a “sector perform” rating for the company. ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Bank of America cut shares of Robert Half International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 3rd. Finally, SunTrust Banks raised their target price on shares of Robert Half International to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, January 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.20.
About Robert Half International
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.
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