Adecco Group (OTCMKTS:AHEXY) Releases Earnings Results

Adecco Group (OTCMKTS:AHEXY) posted its earnings results on Wednesday. The business services provider reported $0.34 earnings per share (EPS) for the quarter, Zacks reports. Adecco Group had a return on equity of 12.71% and a net margin of 1.28%.

Adecco Group Stock Down 1.0 %

AHEXY traded down $0.13 on Wednesday, hitting $12.81. The company had a trading volume of 47,142 shares, compared to its average volume of 144,107. Adecco Group has a 52-week low of $11.08 and a 52-week high of $21.23. The stock has a fifty day simple moving average of $12.08 and a 200-day simple moving average of $14.22. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $4.32 billion, a P/E ratio of 13.34, a P/E/G ratio of 3.66 and a beta of 1.38.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Adecco Group in a report on Thursday, December 5th. They issued an “underweight” rating for the company. BNP Paribas raised Adecco Group to a “hold” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Adecco Group

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.