Adecco Group (OTCMKTS:AHEXY) Releases Earnings Results

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

Adecco Group Trading Down 1.0 %

Shares of OTCMKTS:AHEXY traded down $0.13 during trading on Wednesday, reaching $12.81. 47,142 shares of the company traded hands, compared to its average volume of 144,107. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. Adecco Group has a 52-week low of $11.08 and a 52-week high of $21.23. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 3.66 and a beta of 1.38. The business’s fifty day moving average is $12.08 and its 200-day moving average is $14.22.

Analysts Set New Price Targets

AHEXY has been the subject of a number of recent research reports. Royal Bank of Canada upgraded shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. began coverage on shares of Adecco Group in a research note on Thursday, December 5th. They issued an “underweight” rating for the company. Finally, BNP Paribas upgraded shares of Adecco Group to a “hold” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Adecco Group 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.