Adecco (OTCMKTS:AHEXY) Announces Quarterly Earnings Results

Adecco (OTCMKTS:AHEXY) announced its quarterly earnings results on Wednesday. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.09, Zacks reports. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.95 billion. Adecco had a return on equity of 10.98% and a net margin of 1.22%.

Adecco Stock Performance

OTCMKTS AHEXY traded up $0.47 during trading on Thursday, hitting $14.11. The company’s stock had a trading volume of 7,596 shares, compared to its average volume of 12,044. Adecco has a 52 week low of $12.19 and a 52 week high of $16.89. The firm has a market cap of $4.72 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. The firm has a 50 day moving average price of $14.31 and a 200 day moving average price of $14.52. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.78.

Wall Street Analysts Forecast Growth

Several analysts have commented on AHEXY shares. Jefferies Financial Group downgraded shares of Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, BNP Paribas Exane lowered Adecco from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. One investment 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. According to data from MarketBeat, the company 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.