Robert Half International Inc. (NYSE:RHI) has earned an average recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $57.22.
A number of equities analysts have recently issued reports on RHI shares. Royal Bank of Canada restated a “hold” rating and set a $57.00 target price on shares of Robert Half International in a research report on Wednesday, December 27th. Deutsche Bank raised their target price on shares of Robert Half International from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 28th. Macquarie lowered shares of Robert Half International from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $56.66 to $42.00 in a research report on Tuesday, December 5th. ValuEngine lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BMO Capital Markets raised their target price on shares of Robert Half International from $53.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, December 29th.
In other Robert Half International news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $58.06, for a total value of $5,806,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael C. Buckley sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $57.84, for a total value of $578,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 457,247 shares of company stock valued at $25,936,679. Corporate insiders own 3.40% of the company’s stock.
Shares of Robert Half International (NYSE RHI) traded up $0.12 during trading on Wednesday, reaching $57.55. 588,237 shares of the company’s stock traded hands, compared to its average volume of 1,184,610. The stock has a market capitalization of $7,230.00, a price-to-earnings ratio of 22.24 and a beta of 1.27. Robert Half International has a one year low of $42.92 and a one year high of $60.59.
Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. equities analysts forecast that Robert Half International will post 3.23 EPS for the current year.
Robert Half International announced that its Board of Directors has authorized a stock buyback program on Tuesday, February 13th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, February 22nd. This is an increase from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 annualized dividend and a dividend yield of 1.95%. Robert Half International’s dividend payout ratio (DPR) is currently 43.08%.
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About Robert Half International
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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