Robert Half International Inc. (NYSE:RHI – Get Free Report) gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $80.21, but opened at $72.00. Robert Half International shares last traded at $75.54, with a volume of 1,532,627 shares.
The business services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.13). Robert Half International had a net margin of 8.57% and a return on equity of 39.94%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company earned $1.60 earnings per share. The firm’s revenue was down 12.0% on a year-over-year basis.
Robert Half International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Wednesday, May 24th. Robert Half International’s dividend payout ratio is currently 34.04%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on RHI. Redburn Partners initiated coverage on shares of Robert Half International in a research report on Tuesday, June 20th. They issued a “neutral” rating and a $76.00 price objective on the stock. Credit Suisse Group cut their target price on shares of Robert Half International from $63.00 to $57.00 in a report on Wednesday. UBS Group started coverage on shares of Robert Half International in a report on Wednesday, May 31st. They issued a “buy” rating and a $82.00 target price on the stock. StockNews.com downgraded Robert Half International from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Robert W. Baird decreased their price target on Robert Half International from $88.00 to $82.00 in a research note on Wednesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Robert Half International has a consensus rating of “Hold” and an average price target of $73.75.
Institutional Investors Weigh In On Robert Half International
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its stake in shares of Robert Half International by 32.1% in the 1st quarter. Private Advisor Group LLC now owns 4,727 shares of the business services provider’s stock worth $540,000 after buying an additional 1,150 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Robert Half International by 4.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,650 shares of the business services provider’s stock worth $1,673,000 after buying an additional 676 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Robert Half International by 28.5% during the 1st quarter. Vontobel Holding Ltd. now owns 3,619 shares of the business services provider’s stock worth $428,000 after purchasing an additional 802 shares during the last quarter. Blair William & Co. IL increased its holdings in Robert Half International by 11.8% during the first quarter. Blair William & Co. IL now owns 73,591 shares of the business services provider’s stock valued at $8,403,000 after buying an additional 7,769 shares during the last quarter. Finally, Aviva PLC increased its position in Robert Half International by 55.4% during the first quarter. Aviva PLC now owns 92,865 shares of the business services provider’s stock worth $10,603,000 after purchasing an additional 33,095 shares during the last quarter. Institutional investors and hedge funds own 89.34% of the company’s stock.
Robert Half International Stock Performance
The firm’s 50-day moving average is $73.52 and its 200 day moving average is $75.91. The firm has a market capitalization of $8.17 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 2.93 and a beta of 1.35.
Robert Half International Company Profile
Robert Half International Inc provides talent solutions and business consulting service in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.