Adecco (OTCMKTS:AHEXY) Hits New 52-Week Low - Here's What Happened

Key Points

• Adecco hit a new 52-week low of $11.19 during mid-day trading, last trading at $11.19 on a volume of about 2,208 shares (prior close $11.40).
• Analyst sentiment is mixed with an average rating of Hold: Zacks and UBS recently moved the stock from "strong sell" to "hold" while Jefferies cut it to "moderate sell," and overall there are two Buy and four Hold ratings.
• Adecco beat quarterly estimates with EPS $0.44 vs. $0.35 and revenue $7.01B vs. $6.95B, though profitability remains modest (net margin 1.28%) and the stock trades at a P/E of 11.24 with a $3.76B market cap.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $11.19 and last traded at $11.19, with a volume of 2208 shares trading hands. The stock had previously closed at $11.40.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AHEXY. Zacks Research raised shares of Adecco from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. Jefferies Financial Group lowered shares of Adecco from a "hold" rating to a "moderate sell" rating in a research note on Thursday, January 8th. Finally, UBS Group raised shares of Adecco from a "strong sell" rating to a "hold" rating in a research note on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold".

Adecco Stock Down 1.4%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 0.92 and a beta of 1.07. The firm's fifty day simple moving average is $12.53 and its 200 day simple moving average is $13.78.

Adecco (OTCMKTS:AHEXY - Get Free Report) last announced its earnings results on Wednesday, February 25th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.95 billion. Adecco had a net margin of 1.28% and a return on equity of 12.02%. On average, sell-side analysts forecast that Adecco SA will post 1.55 earnings per share for the current year.

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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