Adecco Group AG to Post FY2024 Earnings of $1.92 Per Share, Jefferies Financial Group Forecasts (OTCMKTS:AHEXY)

Defense World ·  Mar 16, 2023 02:25

Adecco Group AG (OTCMKTS:AHEXY – Get Rating) – Equities research analysts at Jefferies Financial Group raised their FY2024 earnings estimates for shares of Adecco Group in a research report issued on Tuesday, March 14th. Jefferies Financial Group analyst K. Marden now forecasts that the business services provider will earn $1.92 per share for the year, up from their prior forecast of $1.79. The consensus estimate for Adecco Group's current full-year earnings is $1.36 per share. Jefferies Financial Group also issued estimates for Adecco Group's FY2025 earnings at $2.27 EPS.

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Separately, Morgan Stanley downgraded shares of Adecco Group from an "equal weight" rating to an "underweight" rating in a research report on Monday, December 5th. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. Based on data from, Adecco Group currently has a consensus rating of "Reduce" and an average price target of $35.62.

Adecco Group Trading Down 6.8 %

Shares of Adecco Group stock opened at $16.94 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. Adecco Group has a 1 year low of $13.20 and a 1 year high of $23.81. The firm has a market capitalization of $5.71 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34. The firm's 50 day moving average is $18.39 and its 200 day moving average is $16.72.

Adecco Group Company Profile

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Adecco Group AG operates as a talent advisory and solutions company. It provides human capital solutions including flexible placement, permanent placement, career transition, outsourcing, consulting, training, up-/re-skilling, and other services. It operates through the following geographical segments: France; Adecco Northern Europe; Adecco DACH; Adecco Southern Europe & EEMENA; Adecco Americas; Adecco APAC; LHH (Talent Solutions); and Modis.

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