Randstad (OTCMKTS:RANJY) Releases Earnings Results, Beats Expectations By $0.04 EPS

Key Points

• Randstad reported a quarterly earnings per share (EPS) of $0.40, exceeding analysts' expectations of $0.36 by $0.04.
• The company generated $6.74 billion in revenue for the quarter, slightly below analyst estimates of $6.75 billion.
• Shares of Randstad rose 0.9% to $20.13 following the earnings release, despite some brokerages downgrading their ratings on the stock.

Randstad (OTCMKTS:RANJY - Get Free Report) released its quarterly earnings results on Wednesday. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.04, Zacks reports. The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.75 billion. Randstad had a return on equity of 8.81% and a net margin of 0.37%.

Randstad Stock Up 0.9%

Shares of OTCMKTS:RANJY traded up $0.17 during trading on Thursday, hitting $20.13. 1,872 shares of the company were exchanged, compared to its average volume of 15,773. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 83.88 and a beta of 1.03. Randstad has a fifty-two week low of $17.14 and a fifty-two week high of $25.50. The firm has a fifty day moving average price of $22.10 and a two-hundred day moving average price of $21.89. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.54.

Analyst Ratings Changes

A number of brokerages recently issued reports on RANJY. Kepler Capital Markets lowered Randstad from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. Morgan Stanley lowered Randstad from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, September 10th. Zacks Research lowered Randstad from a "hold" rating to a "strong sell" rating in a research report on Monday, October 13th. Finally, Citigroup raised Randstad from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold".

Randstad Company Profile

Randstad N.V. provides solutions in the field of work and human resources (HR) services. The company provides temporary staffing and permanent placement services; job posting; and résumé services on digital platforms. It offers inhouse, enterprise and digital, and tech suite services. In addition, the company provides managed services programs, recruitment process outsourcing, outplacement and career development, and online talent acquisition.

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