Adecco (AHEXY) Projected to Release Quarterly Earnings on Thursday

Key Points

• Adecco is expected to report quarterly results before Thursday’s market open, with analysts forecasting earnings of $0.38 per share on $6.82 billion in revenue.
• In the previous quarter, Adecco exceeded expectations, posting $0.35 in EPS versus the $0.30 consensus and revenue of $6.93 billion versus estimates of $6.83 billion.
• The stock recently traded at $13.81, while analyst sentiment remains mixed but centers on a “Hold” consensus rating from eight analysts.

Adecco (OTCMKTS:AHEXY - Get Free Report) is expected to issue its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.38 per share and revenue of $6.82 billion for the quarter.

Adecco (OTCMKTS:AHEXY - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. Adecco had a return on equity of 12.67% and a net margin of 1.25%. The business had revenue of $6.93 billion for 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 Down 0.2%

Shares of OTCMKTS:AHEXY opened at $13.81 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.15 and a current ratio of 1.15. Adecco has a 1 year low of $8.98 and a 1 year high of $16.26. The stock has a market capitalization of $4.80 billion, a P/E ratio of 13.68, a PEG ratio of 1.31 and a beta of 0.94. The stock has a 50-day simple moving average of $14.28 and a 200-day simple moving average of $12.75.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Jefferies Financial Group upgraded shares of Adecco from a "moderate sell" rating to a "hold" rating in a report on Thursday, September 10th. Zacks Research raised shares of Adecco from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. BNP Paribas Exane raised shares of Adecco from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Morgan Stanley reissued an "underweight" rating on shares of Adecco in a research note on Tuesday, September 8th. Finally, Kepler Capital Markets lowered shares of Adecco from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 14th. One research 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 company. According to MarketBeat, the stock currently has a consensus rating of "Hold".

Adecco Company Profile

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.

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