Adecco (OTCMKTS:AHEXY) Announces Earnings Results, Beats Expectations By $0.05 EPS

Adecco (OTCMKTS:AHEXY) posted its earnings results on Thursday. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05, Zacks reports. Adecco had a net margin of 1.31% and a return on equity of 12.09%.

Adecco Stock Performance

Shares of OTCMKTS AHEXY traded down $0.59 during trading hours on Thursday, hitting $13.88. 3,818 shares of the company’s stock were exchanged, compared to its average volume of 22,576. The company’s 50-day moving average price is $11.08 and its 200-day moving average price is $11.99. Adecco has a 1-year low of $8.98 and a 1-year high of $16.73. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Morgan Stanley lowered shares of Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Adecco currently has a consensus 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.