Adecco (OTCMKTS:AHEXY) Issues Earnings Results

Adecco (OTCMKTS:AHEXY) announced its quarterly earnings results on Thursday. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04, Zacks reports. Adecco had a net margin of 1.22% and a return on equity of 11.06%. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.68 billion.

Adecco Stock Performance

Shares of Adecco stock traded up $0.30 during trading on Friday, hitting $15.15. 8,550 shares of the stock were exchanged, compared to its average volume of 5,237. Adecco has a 12 month low of $11.08 and a 12 month high of $16.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $5.10 billion, a PE ratio of 16.29, a P/E/G ratio of 1.37 and a beta of 1.18. The stock’s fifty day moving average is $14.29 and its 200 day moving average is $14.64.

Analysts Set New Price Targets

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

Adecco Company Profile

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.