Randstad (OTCMKTS:RANJY) Shares Gap Down – Here’s Why

Shares of Randstad Holding NV (OTCMKTS:RANJY) gapped down prior to trading on Wednesday. The stock had previously closed at $20.44, but opened at $19.51. Randstad shares last traded at $19.50, with a volume of 913 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RANJY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Randstad in a research note on Wednesday, September 9th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Randstad in a report on Friday, July 24th. Zacks Research lowered Randstad from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Royal Bank Of Canada restated a “sector perform” rating on shares of Randstad in a research report on Thursday, July 23rd. Finally, Citigroup restated a “neutral” rating on shares of Randstad in a research report on Friday. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

Randstad Stock Performance

The company has a market cap of $6.97 billion, a P/E ratio of 19.21 and a beta of 0.95. The company’s fifty day moving average is $21.87 and its 200 day moving average is $17.34. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.41.

Randstad (OTCMKTS:RANJY) last released its earnings results on Wednesday, July 22nd. The business services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.60 billion. Randstad had a return on equity of 11.76% and a net margin of 1.39%. As a group, equities analysts predict that Randstad Holding NV will post 1.51 earnings per share for the current fiscal year.

About Randstad

Randstad N.V. is a Netherlands-based human resources services company that connects employers with temporary, permanent and contract workers. The company provides recruitment and workforce solutions across a range of industries, including technology, engineering, healthcare, finance, manufacturing, logistics and administrative services.

Its offerings include temporary staffing, permanent placement, recruitment process outsourcing, managed services programs, professional recruitment, career transition and outplacement, and talent development.