Adecco (OTCMKTS:AHEXY) Shares Gap Up on Strong Earnings

Shares of Adecco SA (OTCMKTS:AHEXY) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $13.58, but opened at $15.05. Adecco shares last traded at $15.05, with a volume of 240 shares trading hands.

The business services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $5.72 billion. Adecco had a return on equity of 10.94% and a net margin of 1.26%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AHEXY. Zacks Research cut shares of Adecco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Cfra Research upgraded Adecco from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, August 6th. Jefferies Financial Group upgraded shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 11th. Sanford C. Bernstein raised shares of Adecco from a “hold” rating to an “outperform” rating in a research report on Monday, September 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Adecco in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Adecco Stock Performance

The stock has a fifty day simple moving average of $14.33 and a 200-day simple moving average of $14.62. The stock has a market cap of $5.04 billion, a P/E ratio of 15.92, a PEG ratio of 1.26 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.83.

About Adecco

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.