The Adecco Group (OTCMKTS:AHEXY) – Investment analysts at Jefferies Group dropped their FY2020 earnings estimates for shares of The Adecco Group in a report released on Wednesday, May 9th, according to Zacks Investment Research. Jefferies Group analyst K. Marden now expects that the business services provider will earn $3.45 per share for the year, down from their prior forecast of $3.56. Jefferies Group has a “Hold” rating on the stock.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of The Adecco Group from a “hold” rating to a “strong sell” rating in a research note on Monday. ValuEngine cut shares of The Adecco Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.
The Adecco Group (OTCMKTS:AHEXY) last posted its quarterly earnings results on Thursday, March 1st. The business services provider reported $1.05 earnings per share for the quarter. The Adecco Group had a return on equity of 22.19% and a net margin of 3.34%. The company had revenue of $7.13 billion for the quarter.
The firm also recently announced an annual dividend, which will be paid on Friday, May 18th. Investors of record on Thursday, April 26th will be paid a $0.805 dividend. The ex-dividend date of this dividend is Wednesday, April 25th. The Adecco Group’s payout ratio is currently 29.28%.
About The Adecco Group
Adecco Group AG, together with its subsidiaries, provides workforce solutions to businesses and organizations worldwide. The company provides temporary staffing, permanent placement, and outsourcing services for clerical and support personnel in the areas of office-based employment; and candidates for blue collar job profiles across various industrial sectors under the Adecco brand.
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