Randstad (OTCMKTS:RANJY) Shares Gap Up After Strong Earnings

Randstad Holding NV (OTCMKTS:RANJY)’s stock price gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $18.0945, but opened at $20.48. Randstad shares last traded at $20.48, with a volume of 157 shares changing hands.

The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Randstad had a return on equity of 11.14% and a net margin of 1.24%.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Randstad from a “buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Randstad Trading Up 13.2%

The company has a market cap of $7.21 billion, a P/E ratio of 22.48 and a beta of 0.98. The business has a fifty day simple moving average of $15.63 and a 200 day simple moving average of $15.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14.

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.