Jefferies Financial Group brokers raise earnings estimates for Robert Half International Inc. (NYSE: RHI)

Robert Half International Inc. (NYSE:RHI) – Investment analysts at Jefferies Financial Group raised their earnings per share (EPS) estimates for fiscal year 2022 for Robert Half International shares in a research note released on Friday January 28. Jefferies Financial Group analyst H. Mazari now expects the business services provider to post earnings per share of $6.18 for the year, up from its previous forecast of $5.67. Jefferies Financial Group also released estimates for Robert Half International’s fiscal year 2023 earnings at $6.04 EPS and fiscal year 2024 earnings at $6.40 EPS. Robert Half International (NYSE:RHI) last released its results on Thursday, January 27. The business services provider reported EPS of $1.51 for the quarter, beating the Zacks consensus estimate of $1.45 by $0.06. The company posted revenue of $1.77 billion for the quarter, versus $1.71 billion expected by analysts. Robert Half International had a return on equity of 42.19% and a net margin of 8.76%. The company’s revenue for the quarter increased by 35.7% compared to the same quarter last year. During the same period a year earlier, the company posted EPS of $0.84.

Several other analysts have also weighed in on RHI recently. Robert W. Baird raised his price target on Robert Half International from $122.00 to $133.00 and gave the company an “outperform” rating in a Friday, October 22 research report. Zacks Investment Research has upgraded Robert Half International from a “strong buy” rating to a “hold” rating and has set a price target of $113.00 for the stock. in a research note from Wednesday, December 22. BMO Capital Markets raised its price target on Robert Half International from $118.00 to $124.00 and gave the stock an “outperform” rating in a Monday, October 25 research note. Finally, Truist Financial raised its target price on Robert Half International from $100.00 to $120.00 in a research note on Friday. Two equity research analysts rated the stock with a sell rating, two gave the stock a hold rating and three gave the stock a buy rating. 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 company has a market capitalization 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 company 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 changed their positions in RHI. Amundi acquired a new stake in Robert Half International during the 2nd quarter valued at approximately $165,068,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Robert Half International in Q4, valued at approximately $114,599,000. CIBC Private Wealth Group LLC increased its stake in Robert Half International by 13.0% in the second quarter. CIBC Private Wealth Group LLC now owns 2,379,414 shares of the business services provider worth $211,697,000 after purchasing an additional 273,569 shares during the period. TimesSquare Capital Management LLC increased its stake in Robert Half International by 35.7% in the third quarter. TimesSquare Capital Management LLC now owns 1,018,400 shares of the business services provider 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 Q2 worth approximately $23,605,000. Hedge funds and other institutional investors hold 85.05% of the company’s shares.

In other news from Robert Half International, Executive Vice President Robert W. Glass sold 5,000 shares of Robert Half International in a trade on Friday, November 19. 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, accessible via the SEC’s website. 2.80% of the shares are currently held by insiders of the company.

About Robert Half International

Robert Half International, Inc provides recruitment and risk consulting services. It operates through the following segments: Temporary and Consultant Staff, Permanent Placement Staff, and Risk and Internal Audit Advisory Services. The Temporary Staff and Consultants segment offers staff in the areas of accounting and finance, administration and office, information technology, law, advertising, marketing and web design .

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

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