Adecco (OTCMKTS:AHEXY – Get Free Report) issued its quarterly earnings results on Thursday. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05, Zacks reports. The company had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Adecco had a return on equity of 12.09% and a net margin of 1.31%.
Adecco Price Performance
AHEXY stock opened at $13.88 on Friday. The firm has a market cap of $4.82 billion, a PE ratio of 13.22, a PEG ratio of 1.12 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50 day moving average price is $11.15 and its 200-day moving average price is $11.99. Adecco has a one year low of $8.98 and a one year high of $16.73.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Citigroup lowered shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Morgan Stanley cut Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.
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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