Randstad (OTCMKTS:RANJY) Shares Gap Up on Strong Earnings

Shares of Randstad Holding NV (OTCMKTS:RANJY) gapped up prior to trading on Wednesday following a better than expected earnings announcement. The stock had previously closed at $18.0945, but opened at $20.48. Randstad shares last traded at $20.48, with a volume of 157 shares trading hands.

The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Randstad had a net margin of 1.39% and a return on equity of 11.78%. The business had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.60 billion.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RANJY. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Randstad in a research note on Thursday. Citigroup lowered Randstad from a “buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Randstad in a report on Thursday. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Randstad Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $7.12 billion, a P/E ratio of 19.62 and a beta of 0.98. The company’s 50 day moving average price is $15.88 and its 200 day moving average price is $15.65.

About Randstad

Randstad N.V. (OTCMKTS:RANJY) is a leading global provider of human resource services and workforce solutions. Headquartered in Diemen, Netherlands, the company specializes in connecting organizations with both temporary and permanent talent across a wide range of industries, including administrative, industrial, finance, engineering, healthcare and IT sectors.

The company’s service offering encompasses staffing and recruitment, inhouse services, professional and executive search, and managed services such as recruitment process outsourcing (RPO) and workforce management.