Adecco (OTCMKTS:AHEXY) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Adecco (OTCMKTS:AHEXY) issued its quarterly earnings results on Thursday. The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07, Zacks reports. Adecco had a net margin of 1.25% and a return on equity of 12.67%.

Adecco Price Performance

AHEXY stock traded up $2.02 during trading on Thursday, hitting $15.64. The company had a trading volume of 8,368 shares, compared to its average volume of 18,513. Adecco has a fifty-two week low of $8.98 and a fifty-two week high of $16.26. The company has a market cap of $5.43 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.28 and a beta of 0.96. The company has a fifty day moving average price of $14.09 and a two-hundred day moving average price of $12.72. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.86.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AHEXY shares. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Morgan Stanley reiterated an “underweight” rating on shares of Adecco in a report on Tuesday, September 8th. Kepler Capital Markets lowered Adecco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 14th. Deutsche Bank reaffirmed a “buy” rating on shares of Adecco in a report on Wednesday, September 9th. Finally, Jefferies Financial Group upgraded shares of Adecco from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Adecco Company Profile

Adecco Group AG is a Switzerland-based workforce solutions company that connects businesses with workers and helps organizations manage their talent needs. Its services include temporary and permanent staffing, recruitment, outsourcing, and workforce consulting. The company also provides services in areas such as technology consulting, career transition, and leadership development through businesses including Akkodis and LHH. Adecco serves clients across a range of industries and operates internationally.