Adecco (OTCMKTS:AHEXY) Posts Earnings Results, Beats Estimates By $0.04 EPS

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

Adecco Stock Up 2.0%

Shares of AHEXY traded up $0.30 during midday trading on Friday, hitting $15.15. 8,550 shares of the company’s stock traded hands, compared to its average volume of 5,237. The firm’s fifty day moving average is $14.29 and its 200-day moving average is $14.64. Adecco has a 1 year low of $11.08 and a 1 year high of $16.89. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.83.

Analyst Ratings Changes

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