Adecco (OTCMKTS:AHEXY – Get Free Report) released its earnings results on Wednesday. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09, Zacks reports. Adecco had a return on equity of 12.09% and a net margin of 1.28%.The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.95 billion.
Adecco Stock Up 3.7%
AHEXY stock opened at $14.15 on Friday. Adecco has a fifty-two week low of $12.19 and a fifty-two week high of $16.89. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.06 and a beta of 1.04. The business’s 50 day moving average price is $14.31 and its two-hundred day moving average price is $14.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04.
Analyst Upgrades and Downgrades
Several analysts have issued reports on AHEXY shares. Jefferies Financial Group lowered shares of Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, BNP Paribas Exane lowered Adecco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
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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