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Disclaimer: Past performance may not be indicative of future results. Therefore, you should assume that the future performance of any specific investment, investment strategy (including robo-strategies), or product made in reference directly or indirectly on this website, will be profitable or equal to corresponding indicated performance levels. Robot-Traders like other investment methods rely on favorable market conditions to provide positive outcomes.
ROBERT HALF INTERNATIONAL INC. (RHI) News
Robert Half International shares hit 52-week high after beating 1Q earnings estimates
25 Apr 2018 -- Robert Half International Inc (NYSE:RHI) reported better-than-expected first-quarter results, sending its shares to a 52-week high.
The human resource consulting firm reported earnings of US$0.78 per share on revenue of US$1.40bn compared with US$0.62 EPS on revenue of US$1.29bn in last year’s first quarter.
The California-based company beat consensus estimates of US$0.74 EPS.
Shares of Robert Half International were up 3.1% to US$60.60 in Wednesday afternoon trading after hitting its high mark intraday.
The board increased the first-quarter cash dividend by US$0.04 bringing it to US$0.28, resulting in dividend payments of US$35mln in March.
A stock buyback of 10 million shares was authorized, with 1.1 million shares being repurchased in the first quarter at a cost of US$60mln. There are 11.3 million shares available for repurchase.
CEO Max Messmer credited the revenue growth to “small business optimism, a growing global economy and low unemployment rates in professional occupations” during the earnings call.Get Started today! - Risk Free