Adecco (AHEXY) Projected to Post Earnings on Thursday

Adecco (OTCMKTS:AHEXY) is expected to post its resultson Thursday, May 14th. Analysts expect Adecco to post earnings of $0.27 per share and revenue of $6.5459 billion for the quarter.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.95 billion. Adecco had a return on equity of 12.02% and a net margin of 1.28%. On average, analysts expect Adecco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Adecco Trading Up 0.2%

Adecco stock opened at $11.85 on Tuesday. The business has a 50-day simple moving average of $12.06 and a two-hundred day simple moving average of $13.52. The company has a market cap of $3.97 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.92 and a beta of 0.99. Adecco has a 52-week low of $10.98 and a 52-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.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, UBS Group upgraded Adecco from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock 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.