Adecco (OTCMKTS:AHEXY – Get Free Report) announced its quarterly earnings data on Wednesday. The business services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02, Zacks reports. Adecco had a net margin of 1.28% and a return on equity of 12.02%.
Adecco Stock Down 16.6%
AHEXY traded down $1.94 during midday trading on Wednesday, reaching $9.75. The company’s stock had a trading volume of 32,038 shares, compared to its average volume of 24,920. Adecco has a 1 year low of $9.70 and a 1 year high of $16.83. The stock’s 50-day moving average is $12.01 and its 200-day moving average is $13.50. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.92 and a beta of 0.99. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75.
Analyst Ratings Changes
Several research firms have recently commented on AHEXY. Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. UBS Group raised Adecco from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.
Adecco Company Profile
Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.
Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.
Featured Articles
- Five stocks we like better than Adecco
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
- 3 Sectors That Look Most Vulnerable Ahead of May 15
Receive News & Ratings for Adecco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adecco and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.jpg){kind=logo}