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

Adecco (OTCMKTS:AHEXY) issued its quarterly earnings results on Thursday. The business services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 Trading Down 4.1%

Adecco stock traded down $0.59 during midday trading on Thursday, hitting $13.88. 3,818 shares of the stock were exchanged, compared to its average volume of 9,863. The stock has a market capitalization of $4.82 billion, a PE ratio of 13.22, a P/E/G ratio of 1.12 and a beta of 0.94. The company has a fifty day simple moving average of $11.15 and a two-hundred day simple moving average of $11.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. Adecco has a 52 week low of $8.98 and a 52 week high of $16.73.

Analyst Upgrades and Downgrades

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