Adecco Group AG (OTCMKTS:AHEXY – Get Free Report) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 4,200 shares, an increase of 2,000.0% from the March 31st total of 200 shares. Based on an average daily volume of 42,400 shares, the short-interest ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada cut shares of Adecco Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 10th.
Read Our Latest Research Report on Adecco Group
Adecco Group Stock Down 0.5 %
Adecco Group (OTCMKTS:AHEXY – Get Free Report) last released its earnings results on Thursday, February 29th. The business services provider reported $0.40 EPS for the quarter. The firm had revenue of $6.58 billion during the quarter. Adecco Group had a net margin of 1.36% and a return on equity of 13.57%. As a group, sell-side analysts expect that Adecco Group will post 1.69 EPS for the current year.
Adecco Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th will be paid a dividend of $0.8351 per share. The ex-dividend date of this dividend is Tuesday, April 16th. This is a boost from Adecco Group’s previous dividend of $0.35. Adecco Group’s payout ratio is currently 77.36%.
Adecco Group Company Profile
Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.
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