Randstad (OTCMKTS:RANJY) Posts Quarterly Earnings Results, Meets Expectations

Randstad (OTCMKTS:RANJY) announced its earnings results on Wednesday. The business services provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43, Zacks reports. Randstad had a return on equity of 12.12% and a net margin of 1.49%. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.86 billion.

Randstad Price Performance

Shares of OTCMKTS RANJY opened at $22.74 on Friday. The firm’s 50-day moving average price is $21.28 and its 200-day moving average price is $18.07. Randstad has a 1-year low of $12.46 and a 1-year high of $23.51. The firm has a market capitalization of $8.00 billion, a P/E ratio of 14.98 and a beta of 0.96. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.41.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RANJY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Randstad in a report on Wednesday, September 9th. Citigroup restated a “neutral” rating on shares of Randstad in a report on Friday, September 25th. Royal Bank Of Canada restated a “sector perform” rating on shares of Randstad in a report on Thursday. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Randstad in a research report on Friday, July 24th. Finally, Zacks Research downgraded shares of Randstad from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Randstad has an average rating of “Reduce”.

About Randstad

Randstad N.V. is a Netherlands-based human resources services company that connects employers with temporary, permanent and project-based workers. Its services cover recruitment, staffing, workforce management and talent development across a range of industries and professional fields.

The company provides temporary staffing, permanent placement, in-house staffing and recruitment process outsourcing services. It also offers specialized support for professionals and executive search, as well as career transition, outplacement and other workforce-related solutions.