Adecco (OTCMKTS:AHEXY) Announces Quarterly Earnings Results, Beats Estimates 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 Price Performance

Shares of Adecco stock traded down $0.59 during midday trading on Thursday, hitting $13.88. 3,818 shares of the company were exchanged, compared to its average volume of 22,576. The firm has a 50 day simple moving average of $11.08 and a 200-day simple moving average of $11.99. 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 firm has a market cap of $4.82 billion, a P/E ratio of 13.22, a PEG ratio of 1.13 and a beta of 0.94. Adecco has a 52 week low of $8.98 and a 52 week high of $16.73.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AHEXY shares. Morgan Stanley downgraded Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Citigroup downgraded 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 research report on Monday, May 18th. Finally, BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from 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.