Robert Half Reports 2Q Earnings In Line With Expectations, We Maintain Our $56 FVE
Narrow-moat-rated Robert Half reported second-quarter earnings in line with our expectations. Robert Half is fairly valued at current levels. We’d prefer to see a pull-back in shares before recommending the stock. Robert Half continues to benefit from tight labor markets, especially in the United States. Reported sales increased 4% year over year, to $1.5 billion, from $1.4 billion. Total staffing revenue (excluding Protiviti) grew by 2% year over year, on the back of tough comparisons. Protivit...Robert Half International provides staffing and risk consulting services. The company, through its Accountemps, Robert Half Finance & Accounting, and Robert Half Management Resources divisions, is a provider of temporary, full-time, and project personnel in accounting and finance fields. The company's OfficeTeam division places office and administrative personnel, ranging from executive and administrative assistants to receptionists and customer service representatives. The Robert Half Technology division provides information technology contract consultants, places employees, and provides managed services in areas ranging from multiple platform systems integration to end-user technical and desktop support.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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