Adecco (AHEXY) Projected to Post Earnings on Thursday

Key Points

• Adecco is scheduled to report quarterly results on May 14, with analysts expecting earnings of $0.27 per share and revenue of $6.52 billion for the quarter.
• The company beat estimates in its prior quarter (EPS $0.44 vs. $0.35 expected; revenue $7.01 billion) and currently trades around $11.64 with a market cap of $3.90 billion and a P/E of 11.64.
• Analyst sentiment is mixed but tepid: the consensus rating is Hold after recent upgrades from Zacks and UBS and downgrades from Citigroup and Jefferies.

Adecco (OTCMKTS:AHEXY - Get Free Report) is expected to be releasing its resultson Thursday, May 14th. Analysts expect Adecco to post earnings of $0.27 per share and revenue of $6.5217 billion for the quarter.

Adecco (OTCMKTS:AHEXY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.09. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.95 billion. Adecco had a return on equity of 12.02% and a net margin of 1.28%. On average, analysts expect Adecco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Adecco Trading Up 3.1%

OTCMKTS AHEXY opened at $11.64 on Thursday. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.88 and a beta of 0.99. Adecco has a 52 week low of $10.98 and a 52 week high of $16.83. The business has a 50 day moving average price of $12.18 and a 200-day moving average price of $13.58. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Zacks Research upgraded Adecco from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. Citigroup downgraded Adecco from a "strong-buy" rating to a "neutral" rating in a report on Thursday, April 30th. Jefferies Financial Group downgraded Adecco from a "hold" rating to a "moderate sell" rating in a report on Thursday, January 8th. Finally, UBS Group upgraded Adecco from a "strong sell" rating to a "hold" rating in a report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

About Adecco

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world's largest staffing firms.

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