Adecco Group (OTCMKTS:AHEXY) Announces Quarterly Earnings Results

Adecco Group (OTCMKTS:AHEXY) posted its earnings results on Wednesday. The business services provider reported $0.34 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 during trading on Wednesday, reaching $12.81. The stock had a trading volume of 47,142 shares, compared to its average volume of 144,107. The company 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 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 one year low of $11.08 and a one year high of $21.23. The stock’s 50 day moving average is $12.08 and its two-hundred day moving average is $14.22.

Analyst Ratings Changes

A number of brokerages have recently commented on AHEXY. Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a report on Wednesday, November 6th. BNP Paribas raised Adecco Group to a “hold” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. initiated coverage on Adecco Group in a report on Thursday, December 5th. They set an “underweight” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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.