May 23, 2022

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Jefferies Financial Group Brokers Boost Earnings Estimates for Robert Half International Inc. (NYSE:RHI)

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Robert Half International Inc. (NYSE:RHI) – Investment analysts at Jefferies Financial Group upped their FY2022 earnings per share (EPS) estimates for shares of Robert Half International in a research note issued on Friday, January 28th. Jefferies Financial Group analyst H. Mazari now forecasts that the business services provider will post earnings per share of $6.18 for the year, up from their previous forecast of $5.67. Jefferies Financial Group also issued estimates for Robert Half International’s FY2023 earnings at $6.04 EPS and FY2024 earnings at $6.40 EPS. Robert Half International (NYSE:RHI) last released its earnings results on Thursday, January 27th. The business services provider reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.06. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Robert Half International had a return on equity of 42.19% and a net margin of 8.76%. The business’s revenue for the quarter was up 35.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS.

Several other analysts also recently weighed in on RHI. Robert W. Baird boosted their price objective on Robert Half International from $122.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, October 22nd. Zacks Investment Research cut Robert Half International from a “strong-buy” rating to a “hold” rating and set a $113.00 price target on the stock. in a research note on Wednesday, December 22nd. BMO Capital Markets upped their price target on Robert Half International from $118.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, October 25th. Finally, Truist Financial increased their target price on Robert Half International from $100.00 to $120.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $109.17.

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Shares of RHI opened at $110.29 on Monday. The firm has a market cap of $12.28 billion, a P/E ratio of 23.57 and a beta of 1.55. Robert Half International has a fifty-two week low of $64.84 and a fifty-two week high of $120.83. The business has a 50-day moving average of $110.82 and a 200 day moving average of $106.72.

A number of hedge funds have recently made changes to their positions in RHI. Amundi purchased a new stake in Robert Half International during the 2nd quarter valued at about $165,068,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Robert Half International in the 4th quarter valued at about $114,599,000. CIBC Private Wealth Group LLC raised its holdings in Robert Half International by 13.0% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 2,379,414 shares of the business services provider’s stock worth $211,697,000 after purchasing an additional 273,569 shares during the period. TimesSquare Capital Management LLC raised its holdings in Robert Half International by 35.7% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,018,400 shares of the business services provider’s stock worth $102,176,000 after purchasing an additional 268,100 shares during the period. Finally, M&G Investment Management Ltd. acquired a new position in Robert Half International in the 2nd quarter worth about $23,605,000. Hedge funds and other institutional investors own 85.05% of the company’s stock.

In other Robert Half International news, EVP Robert W. Glass sold 5,000 shares of Robert Half International stock in a transaction on Friday, November 19th. The stock was sold at an average price of $117.84, for a total transaction of $589,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by company insiders.

About Robert Half International

Robert Half International, Inc engages in the provision of staffing and risk consulting services. It operates through the following segments: Temporary and Consultant Staffing, Permanent Placement Staffing and Risk Consulting & Internal Audit Services. The Temporary and Consultant Staffing segment offers staffing in the accounting and finance, administrative and office, information technology, legal, advertising, marketing, and web design fields.

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

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