Adecco (OTCMKTS:AHEXY – Get Free Report) issued its earnings results on Wednesday. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01), Zacks reports. Adecco had a net margin of 1.28% and a return on equity of 12.02%. The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.55 billion.
Adecco Trading Down 1.4%
AHEXY stock traded down $0.14 during midday trading on Thursday, hitting $9.71. The stock had a trading volume of 19,171 shares, compared to its average volume of 24,957. The firm has a market cap of $3.25 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 0.91 and a beta of 0.99. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75. Adecco has a 1-year low of $9.66 and a 1-year high of $16.83. The business has a fifty day moving average price of $11.94 and a two-hundred day moving average price of $13.47.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Citigroup lowered shares of Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. UBS Group upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Adecco Company Profile
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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