Adecco (OTCMKTS:AHEXY – Get Free Report) announced its earnings results on Wednesday. The business services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02, Zacks reports. Adecco had a return on equity of 12.02% and a net margin of 1.28%.
Adecco Stock Down 16.6%
Shares of AHEXY traded down $1.94 on Wednesday, hitting $9.75. The company’s stock had a trading volume of 32,038 shares, compared to its average volume of 24,920. The firm’s fifty day moving average price is $12.01 and its 200-day moving average price is $13.50. Adecco has a fifty-two week low of $9.70 and a fifty-two week high of $16.83. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 0.92 and a beta of 0.99.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. UBS Group raised Adecco from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average 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.
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