Adecco (AHEXY) Expected to Release Earnings on Tuesday

Adecco (OTCMKTS:AHEXY) is anticipated to post its resultson Tuesday, August 4th. Analysts expect Adecco to post earnings of $0.30 per share and revenue of $6.8499 billion for the quarter.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Adecco had a return on equity of 12.09% and a net margin of 1.31%.The business had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.55 billion. On average, analysts expect Adecco to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Adecco Price Performance

Adecco stock opened at $13.87 on Tuesday. The firm has a market cap of $4.82 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.04 and a beta of 0.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $12.00. Adecco has a one year low of $8.98 and a one year high of $16.73.

Analyst Upgrades and Downgrades

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