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Robert Half downgraded to Hold at Zacks

According to Zacks, “Robert Half has been witnessing strong year-over-year earnings growth since the past many quarters driven by solid demand for services provided by skilled professionals as well as a growing labor market in the U.S. In fact, the company’s  earnings have now grown in double digits for 21 consecutive quarters on a year-over-year basis. The company’s international operations have also improved in recent quarters, particularly driven by higher demand for staffing and consulting services. With an improving economic picture, the company expects the momentum to continue in the upcoming quarters as well. However, the company cannot escape from currency fluctuations.”

In related news, COO  Paul F. Gentzkow sold 151,250 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $55.98, for a total value of $8,466,975.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Other analysts have also recently issued reports about the company. Barclays cut Robert Half International from an equal weight rating to an underweight rating and dropped their price target for the stock from $60.00 to $55.00 in a research report  on Tuesday, July 28th. They noted that the move was a valuation call. Jefferies Group raised Robert Half International from a hold rating to a buy rating and upped their price objective for the company from $59.00 to $63.00 in a research report on Friday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $62.33.

Robert Half International traded up 0.33% during mid-day trading  on Wednesday, reaching $50.97. The company’s stock had a trading volume of 314,672 shares. The firm has a market cap of $6.75 billion and a PE ratio of 20.38. Robert Half International has a 12-month low of $45.30 and a 12-month high of $63.27. The company has a 50-day moving average price of $53.36 and a 200-day moving average price of $56.40.

Robert Half International last posted its quarterly earnings data on Thursday, 23rd July. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01.

It had revenue of $1.27bn for the quarter, compared to the consensus estimate of $1.28m. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, equities research analysts expect that Robert Half International will post $2.69 earnings per share for the current year.



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