Robert Half International Inc. (NYSE:RHI) announced a quarterly dividend on Thursday, July 30th, RTT News reports. Shareholders of record on Tuesday, August 25th will be paid a dividend of 0.34 per share by the business services provider on Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.67%.
Robert Half International has raised its dividend payment by an average of 40.9% per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Robert Half International has a payout ratio of 56.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Robert Half International to earn $2.99 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 45.5%.
NYSE:RHI opened at $50.87 on Friday. The company has a fifty day simple moving average of $51.80 and a two-hundred day simple moving average of $50.56. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 4.79 and a beta of 1.59. Robert Half International has a 52 week low of $32.38 and a 52 week high of $63.84.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.13 billion. Robert Half International had a net margin of 6.42% and a return on equity of 32.24%. During the same quarter in the previous year, the firm posted $0.98 earnings per share. As a group, research analysts expect that Robert Half International will post 2.46 earnings per share for the current fiscal year.
RHI has been the subject of several research reports. TheStreet upgraded shares of Robert Half International from a “c+” rating to a “b-” rating in a research note on Tuesday, June 16th. BMO Capital Markets boosted their price target on shares of Robert Half International from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Credit Suisse Group dropped their price target on shares of Robert Half International from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Royal Bank of Canada reiterated a “hold” rating and set a $47.00 target price on shares of Robert Half International in a research note on Sunday, April 12th. Finally, CL King lowered their target price on shares of Robert Half International from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $54.44.
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.
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