Robert Half International Inc. (NYSE:RHI) announced a quarterly dividend on Tuesday, October 30th, RTT News reports. Shareholders of record on Friday, November 23rd will be paid a dividend of 0.28 per share by the business services provider on Friday, December 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, November 21st.
Robert Half International has increased its dividend payment by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Robert Half International has a dividend payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Robert Half International to earn $3.93 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 28.5%.
Shares of Robert Half International stock traded up $0.08 on Thursday, hitting $58.68. 1,072,787 shares of the company’s stock traded hands, compared to its average volume of 1,708,633. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.25 and a beta of 1.31. Robert Half International has a one year low of $51.35 and a one year high of $79.91.
Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, October 23rd. The business services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Robert Half International had a net margin of 6.49% and a return on equity of 36.34%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. On average, research analysts forecast that Robert Half International will post 3.54 earnings per share for the current fiscal year.
Several analysts have commented on RHI shares. Zacks Investment Research upgraded shares of Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Thursday, October 25th. Nomura upped their price objective on shares of Robert Half International from $80.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. Bank of America initiated coverage on shares of Robert Half International in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 price objective for the company. ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, SunTrust Banks restated a “hold” rating and issued a $76.00 price objective on shares of Robert Half International in a research report on Wednesday, July 25th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Robert Half International currently has a consensus rating of “Hold” and a consensus target price of $67.23.
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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