Adecco (OTCMKTS:AHEXY) Shares Gap Up on Strong Earnings

Adecco SA (OTCMKTS:AHEXY)’s stock price gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $13.5360, but opened at $15.53. Adecco shares last traded at $15.5150, with a volume of 2,600 shares trading hands.

The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Adecco had a net margin of 1.25% and a return on equity of 12.67%.

Analyst Ratings Changes

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

Adecco Trading Up 14.6%

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.15 and a quick ratio of 1.15. The company’s fifty day moving average is $14.09 and its 200-day moving average is $12.72. The stock has a market cap of $5.39 billion, a PE ratio of 15.36, a PEG ratio of 1.28 and a beta of 0.96.

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.