Adecco (OTCMKTS:AHEXY) Releases Quarterly Earnings Results

Adecco (OTCMKTS:AHEXY) announced its quarterly earnings data on Thursday. The business services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07, Zacks reports. Adecco had a net margin of 1.25% and a return on equity of 12.67%.

Adecco Stock Performance

OTCMKTS:AHEXY traded up $2.02 during mid-day trading on Thursday, hitting $15.64. The stock had a trading volume of 8,368 shares, compared to its average volume of 18,513. The company has a 50 day simple moving average of $14.09 and a 200-day simple moving average of $12.72. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 1.28 and a beta of 0.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.86. Adecco has a 52 week low of $8.98 and a 52 week high of $16.26.

Analysts Set New Price Targets

A number of research firms recently weighed in on AHEXY. Morgan Stanley restated an “underweight” rating on shares of Adecco in a research note on Tuesday, September 8th. Jefferies Financial Group upgraded Adecco from a “moderate sell” rating to a “hold” rating in a report on Thursday, September 10th. Kepler Capital Markets downgraded Adecco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Deutsche Bank reissued a “buy” rating on shares of Adecco in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

About Adecco

Adecco Group AG is a Switzerland-based workforce solutions company that connects businesses with workers and helps organizations manage their talent needs. Its services include temporary and permanent staffing, recruitment, outsourcing, and workforce consulting. The company also provides services in areas such as technology consulting, career transition, and leadership development through businesses including Akkodis and LHH. Adecco serves clients across a range of industries and operates internationally.