Randstad (OTCMKTS:RANJY) Shares Gap Up on Better-Than-Expected Earnings

Randstad Holding NV (OTCMKTS:RANJY) gapped up before the market opened 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 the consensus estimate of $0.35 by $0.01. Randstad had a net margin of 1.24% and a return on equity of 11.14%. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.60 billion.

Analysts Set New Price Targets

Separately, Citigroup downgraded shares of Randstad from a “buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Randstad Stock Performance

The firm has a market capitalization of $7.29 billion, a P/E ratio of 22.74 and a beta of 0.98. 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 50-day moving average price of $15.76 and a two-hundred day moving average price of $15.64.

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.