Randstad (OTCMKTS:RANJY) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Randstad (OTCMKTS:RANJY) posted its quarterly earnings results on Wednesday. The business services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01, Zacks reports. Randstad had a return on equity of 11.14% and a net margin of 1.24%.

Randstad Stock Performance

OTCMKTS RANJY opened at $18.09 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Randstad has a fifty-two week low of $12.46 and a fifty-two week high of $25.50. The business has a fifty day moving average of $15.63 and a 200-day moving average of $15.63. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 19.86 and a beta of 0.98.

Analysts Set New Price Targets

Separately, Citigroup downgraded shares of Randstad from a “buy” rating to a “neutral” rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce”.

About Randstad

Randstad N.V. (OTCMKTS:RANJY) is a leading global provider of human resource services and workforce solutions. Headquartered in Diemen, Netherlands, the company specializes in connecting organizations with both temporary and permanent talent across a wide range of industries, including administrative, industrial, finance, engineering, healthcare and IT sectors.

The company’s service offering encompasses staffing and recruitment, inhouse services, professional and executive search, and managed services such as recruitment process outsourcing (RPO) and workforce management.