Adecco (AHEXY) Set to Release Quarterly Earnings on Thursday

Adecco (OTCMKTS:AHEXY) will likely be issuing its results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $6.82 billion for the quarter.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Adecco had a net margin of 1.25% and a return on equity of 12.67%. The business had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.83 billion. On average, analysts expect Adecco to post $1.42 EPS for the current fiscal year and $1.52 EPS for the next fiscal year.

Adecco Stock Performance

Adecco stock opened at $13.81 on Thursday. Adecco has a 12-month low of $8.98 and a 12-month high of $16.26. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 1.31 and a beta of 0.94. 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 firm’s fifty day moving average price is $14.28 and its 200 day moving average price is $12.75.

Analyst Upgrades and Downgrades

AHEXY has been the subject of a number of analyst reports. Kepler Capital Markets cut shares of Adecco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adecco in a research report on Wednesday, September 9th. Morgan Stanley reiterated an “underweight” rating on shares of Adecco in a research note on Tuesday, September 8th. Finally, Jefferies Financial Group raised Adecco from a “moderate sell” rating to a “hold” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About Adecco

Adecco, part of The Adecco Group, is a global workforce-solutions and human-resources services company. It connects businesses with temporary and permanent employees and provides recruitment, staffing, workforce management and related talent services across a range of industries, including office and administrative roles, manufacturing, logistics, technology and professional services.

The company also offers career transition and outplacement support, leadership development, skills training and consulting services.