Staffing firm Robert Half International Inc.(NYSE:RHI) reported on Tuesday that its Q1 profit surged 83% as strong demand for particular staffing and consulting services increased revenue.
During the quarter ended March 31, it earned net income of $48.1 million, or 34 cents a share, increased from $26.3 million, or 18 cents a share, in the similar quarter a year earlier.
Revenue moved up 155 to $1.02 billion from $880.9 million.
Turning towards the sector Kelly Services, Inc (NASDAQ:KELYA) gained +2.39%, Kforce Inc (NASDAQ:KFRC) rose +1.44%, Barrett Business Services, Inc (NASDAQ:BBSI) fell -3.54%, Manpower Inc (NYSE:MAN) edged up +1.85% and, CDI Corp (NYSE:CDI) which also scored a new high decreased -1.19%.
Robert Half International Inc (NYSE:RHI) surged +1.65% or -$5.72 to close the trading at $30.49 following it hit intra day high level of $32.32. The total traded volume in the previous trading session was 4.32 million shares as compared to average 1.06 million shares. Its fifty two week trading range was $19.69 – $32.32. The total market capitalization reached $4.34 billion.
The stock price was ahead its 52 week low price with 56.54% and it lagged behind -1.91% from its 52 week maximum mark. Stock price volatility for last month remained 2.31%. In its share capital, the company has 142.14 million outstanding shares out of which 135.01 million shares have been floated in the market. For now, stock ownership with company’s management remained 4.24%.
RHI presented an optimistic weekly performance of 2.83% with respect to its rate of return and it remained -1.58% for the month. However, the performance for a quarter experienced a positive change of 1.30% and it positive 0.89% for a year and its year to date performance remained in green with 7.70%.
Current stock price is in the upbeat territory taking into account of 20 days moving average with 3.09% and continued bullish run for 50 days moving average with +3.42%. Its earning per share for the past twelve months was $135.53. Company’s beta coefficient was at 1.19. Beta measures the amount of market risk associated with market trade.
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