Randstad (OTCMKTS:RANJY) Posts Earnings Results, Beats Estimates By $0.04 EPS

Randstad (OTCMKTS:RANJY) released its quarterly earnings results on Wednesday. The business services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04, Zacks reports. Randstad had a net margin of 0.29% and a return on equity of 8.92%. The business had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.83 billion.

Randstad Stock Performance

OTCMKTS RANJY traded down $0.18 on Thursday, hitting $16.13. 29,059 shares of the stock traded hands, compared to its average volume of 30,826. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.18 and a current ratio of 1.18. The business’s fifty day moving average is $18.08 and its two-hundred day moving average is $20.33. Randstad has a 12 month low of $16.09 and a 12 month high of $25.50. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 84.89 and a beta of 0.88.

Analysts Set New Price Targets

Several research firms have commented on RANJY. Zacks Research raised shares of Randstad from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Jefferies Financial Group cut Randstad from a “strong-buy” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Randstad

Randstad N.V. (OTCMKTS:RANJY) is a leading global provider of human resource services and workforce solutions. Headquartered in Diemen, Netherlands, the company specializes in connecting organizations with both temporary and permanent talent across a wide range of industries, including administrative, industrial, finance, engineering, healthcare and IT sectors.

The company’s service offering encompasses staffing and recruitment, inhouse services, professional and executive search, and managed services such as recruitment process outsourcing (RPO) and workforce management.