Adecco (OTCMKTS:AHEXY) Shares Gap Up on Strong Earnings

Adecco SA (OTCMKTS:AHEXY) shares gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $13.5360, but opened at $15.53. Adecco shares last traded at $15.5150, with a volume of 2,600 shares changing hands.

The business services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. Adecco had a net margin of 1.25% and a return on equity of 12.67%.

Analyst Upgrades and Downgrades

AHEXY has been the topic of several analyst reports. Jefferies Financial Group raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a report on Thursday, September 10th. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a research report on Tuesday, September 8th. Kepler Capital Markets downgraded Adecco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 14th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Adecco in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Adecco Stock Performance

The company has a market cap of $5.39 billion, a PE ratio of 15.36, a P/E/G ratio of 1.28 and a beta of 0.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.86. The firm’s 50-day simple moving average is $14.09 and its two-hundred day simple moving average is $12.72.

Adecco Company Profile

Adecco Group AG is a Switzerland-based workforce solutions company that connects businesses with workers and helps organizations manage their talent needs. Its services include temporary and permanent staffing, recruitment, outsourcing, and workforce consulting. The company also provides services in areas such as technology consulting, career transition, and leadership development through businesses including Akkodis and LHH. Adecco serves clients across a range of industries and operates internationally.