Adecco (OTCMKTS:AHEXY) Issues Earnings Results, Beats Estimates By $0.04 EPS

Adecco (OTCMKTS:AHEXY) announced its quarterly earnings results on Thursday. The business services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04, Zacks reports. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.68 billion. Adecco had a return on equity of 11.06% and a net margin of 1.22%.

Adecco Price Performance

OTCMKTS:AHEXY traded up $0.30 during trading hours on Friday, reaching $15.15. 8,550 shares of the company were exchanged, compared to its average volume of 5,237. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.83. The firm has a market cap of $5.10 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.18. Adecco has a twelve month low of $11.08 and a twelve month high of $16.89. The stock’s 50-day moving average is $14.29 and its 200-day moving average is $14.64.

Analyst Upgrades and Downgrades

Several research firms recently commented on AHEXY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Adecco in a report on Tuesday, August 12th. Sanford C. Bernstein upgraded Adecco from a “hold” rating to an “outperform” rating in a research report on Monday, September 22nd. Cfra Research raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a report on Wednesday, August 6th. Zacks Research cut shares of Adecco from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Finally, Jefferies Financial Group upgraded shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Adecco currently has an average rating of “Moderate Buy”.

Adecco Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.