Adecco (OTCMKTS:AHEXY – Get Free Report) posted its earnings results on Wednesday. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09, Zacks reports. Adecco had a return on equity of 10.98% and a net margin of 1.22%.The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.95 billion.
Adecco Trading Up 3.3%
OTCMKTS:AHEXY traded up $0.45 during trading hours on Thursday, reaching $14.09. The company’s stock had a trading volume of 7,417 shares, compared to its average volume of 12,038. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 1.04 and a beta of 1.04. The firm has a 50-day simple moving average of $14.31 and a 200-day simple moving average of $14.52. Adecco has a 1 year low of $12.19 and a 1 year high of $16.89.
Wall Street Analyst Weigh In
Several brokerages have recently commented on AHEXY. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Jefferies Financial Group lowered shares of Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. Finally, BNP Paribas Exane lowered Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Adecco has an average rating of “Moderate Buy”.
About Adecco
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.
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