Robert Half International (NYSE:RHI) – Equities researchers at William Blair boosted their Q2 2018 earnings per share estimates for Robert Half International in a research note issued on Tuesday, April 24th. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings of $0.85 per share for the quarter, up from their prior forecast of $0.82. William Blair also issued estimates for Robert Half International’s Q3 2018 earnings at $0.87 EPS, Q4 2018 earnings at $0.86 EPS, FY2018 earnings at $3.37 EPS, Q1 2019 earnings at $0.90 EPS, Q2 2019 earnings at $0.95 EPS, Q3 2019 earnings at $0.97 EPS, Q4 2019 earnings at $0.96 EPS and FY2019 earnings at $3.78 EPS.

RHI has been the topic of a number of other reports. Robert W. Baird reiterated a “buy” rating and issued a $67.00 price target on shares of Robert Half International in a report on Wednesday, January 31st. BMO Capital Markets lifted their price target on shares of Robert Half International from $59.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday. SunTrust Banks lifted their price target on shares of Robert Half International to $58.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Goldman Sachs assumed coverage on shares of Robert Half International in a report on Tuesday, March 27th. They issued a “neutral” rating and a $63.00 price target on the stock. Finally, ValuEngine upgraded shares of Robert Half International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.55.

Shares of NYSE RHI opened at $61.17 on Thursday. The firm has a market capitalization of $7,477.26, a price-to-earnings ratio of 23.53 and a beta of 1.18. Robert Half International has a 52-week low of $42.92 and a 52-week high of $61.40.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, April 24th. The business services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. Robert Half International had a net margin of 5.73% and a return on equity of 30.88%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company earned $0.62 EPS. Robert Half International’s revenue for the quarter was up 8.4% on a year-over-year basis.

Robert Half International announced that its board has authorized a share repurchase program on Tuesday, February 13th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

In other news, Vice Chairman M Keith Waddell sold 100,000 shares of the business’s stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $60.67, for a total value of $6,067,000.00. Following the sale, the insider now directly owns 1,259,125 shares in the company, valued at approximately $76,391,113.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Paul F. Gentzkow sold 205,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $56.31, for a total transaction of $11,543,550.00. Following the completion of the sale, the chief operating officer now owns 499,733 shares in the company, valued at $28,139,965.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 557,247 shares of company stock worth $32,003,679. Insiders own 3.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Capital Fund Management S.A. increased its holdings in shares of Robert Half International by 0.3% in the 4th quarter. Capital Fund Management S.A. now owns 345,296 shares of the business services provider’s stock worth $19,178,000 after buying an additional 986 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Robert Half International by 11.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 10,128 shares of the business services provider’s stock worth $510,000 after buying an additional 1,070 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Robert Half International by 5.1% in the 4th quarter. Amalgamated Bank now owns 26,645 shares of the business services provider’s stock worth $1,480,000 after buying an additional 1,297 shares during the last quarter. Fort L.P. increased its holdings in shares of Robert Half International by 15.7% in the 4th quarter. Fort L.P. now owns 9,572 shares of the business services provider’s stock worth $532,000 after buying an additional 1,301 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in shares of Robert Half International by 5.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 28,305 shares of the business services provider’s stock worth $1,572,000 after buying an additional 1,406 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

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.

Earnings History and Estimates for Robert Half International (NYSE:RHI)

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