() updated its earnings guidance for the second quarter of 2023 on Thursday. The company gave a guidance for EPS of $1.09 to $1.19, compared with the consensus estimate of $1.25. The company provided revenue guidance between $1.66 billion and $1.74 billion compared to a consensus estimate of $1.71billion.
Wall Street analysts weigh in
Recent comments from several research analysts on the stock. JPMorgan Chase & Co. reduced their price target on shares of Robert Half International to $75.00 in a Friday, January 27th report. They also set a neutral ratings for the company. In a report published on Thursday 16th March, Investopedia assumed coverage of shares of Robert Half International. They gave the company a rating of buy. BNP Paribas began covering shares of Robert Half International on Thursday, 5th January. The company was given a rating of underperform and a price target of $70.00. Four equity research analysts have rated this stock as a sell, three with a hold and one with a buy. On Thursday, the stock rose $2.50 to $73.13. The company's average trading volume is 983,167 shares. The company's simple moving 50-day average is 76.94 dollars and its simple 200-day moving average is 77.34 dollars. The market cap is $7.89 billion. It has a P/E of 12.15 and a P/E/G of 2.06. Robert Half International's 12-month low is $65.40, and its 12-month high is $102.34.
The last time ) released its quarterly earnings was on Wednesday, 26th April. The provider of business services reported $1.14 per share in earnings for the third quarter, exceeding the consensus estimate by $0.01 Revenue for the quarter was $1.72 billion, which is higher than analysts' expectations of $1.7 billion. Robert Half International's net margin was 9.09%, and its return on equity was 44.01%. Revenue for the business was down 5.4% from a year ago. In the same quarter of last year, Robert Half International posted $1.52 in earnings per share. Analysts expect Robert Half International to post a 4.72 earnings-per-share for the current fiscal year.
Robert Half International increases Dividend
A quarterly dividend was also paid by the company on March 15th. Dividends were paid to stockholders who had been registered on the Friday, February 24, 2018. The dividend was $0.48 per share. Ex-dividend day was Thursday, 23rd February. This is a $1.92 dividend annualized and a dividend rate of 2.63%. Robert Half International has increased its quarterly dividend from $0.43 to $1.92. Robert Half International has a dividend payout ratio of 31.89%.
Robert Half International announced that on Thursday, 9th February its Board of Directors had approved a program to buy back 10,000,000 shares. The repurchase authorization permits the business services provider, to acquire shares through open market purchases. Stock repurchases are usually an indication that the leadership of the company believes its stock is undervalued.
Insider Buying & Selling
On Wednesday, 22nd February, Robert Half International sold 3,456 stock shares. The shares were bought at an average of $80.54, resulting in a value of $278.346.24. After the transaction, the director owns 10,828 company shares, worth approximately $872.087.12. In a Friday, 3rd March transaction, 12,500 shares were sold. The shares were purchased at an average of $80.94, resulting in a value of $1,011,750.00. After the transaction, the executive Vice President now owns 217 049 shares of the company valued at $17 567 946.06. Dirk A. Kempthorne, the director of the company, sold 3,456 stock shares in a deal dated February 22nd. The shares were sold for an average price $80.54, resulting in a transaction totaling $278,346.24. After the completion of this transaction, the director owns 10,828 company shares, worth approximately $872.087.12. Insiders own 2.80% of shares.
Robert Half International: Hedge Funds weigh in
Recently, a number of hedge fund managers have modified their RHI holdings. Resurgent Financial Advisors LLC purchased a new stake of shares in Robert Half International valued at approximately $27,000 during the fourth quarter. Salem Investment Counselors Inc. purchased a new share of Robert Half International in the second quarter, valued at approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new share of Robert Half International in the 4th Quarter valued at approximately $28,000. Covestor Ltd increased its holdings in Robert Half International shares by 111.8% over the first quarter. Covestor Ltd owns now 574 shares worth $66,000 of the stock of the business service provider after buying an additional 303 in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new share of Robert Half International in the second quarter, valued at approximately $77,000. The company's shares are owned by hedge funds and institutional investors, who own 94.13%.
Robert Half International Company profile
Robert Half International, Inc provides staffing services and risk consulting. It is divided into three business segments: Temporary Consultant Staffing and Permanent Placement Staffing. The Temporary Consultant Staffing segment provides staffing for the following fields: accounting and finance; administrative and office; information technology; legal; advertising and marketing and web design.
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