According to reports, the multinational employment firm Randstad (OTCMKTS: RANJY), one of the world’s largest staffing organizations, will issue a dividend on September 22. The business services company will distribute a dividend payment on Wednesday, October 19, for 1.2782 USD per share to shareholders who were recorded as having ownership on Friday, September 30. As a consequence of this, the yield that we obtain is 9.86%. The day that the dividend will be withheld from shareholder accounts is the following Thursday, September 29. As a result, the Randstad dividend, which had been paid out at $0.98 per share in the past, has been increased.
Tuesday, July 26, saw the release of the most recent earnings report for Randstad (OTCMKTS: RANJY), which was conducted and published in the United States. The provider of business services had earnings of $0.67 per share during the period covered by the most recent quarter.
The company generated total revenue of $7.34 billion during the period under consideration. The return on equity for Randstad was 20.12%, and the company’s net margin was 3.18 percent. It is anticipated by professionals in the relevant field that Randstad will make earnings of $2.45 per share this year. The results of the study that several equity analysts have lately undertaken on the company and published may be seen in recent articles. Morgan Stanley stated their intention to reduce its price goal for Randstad in a research note published on Thursday, July 28. They said they would decrease it from €49.00 ($50.00) to €48.00 ($48.98). In a research report that was published on Thursday, September 15, JPMorgan Chase & Co. lowered their price objective on Randstad from €50.00 ($51.02) to €49.00 ($50.00) and assigned the company a “neutral” rating in a research report. There have been four recommendations from various analysts to maintain the current position on the stock; there have been two recommendations to buy the stock and two to sell the stock. According to Bloomberg, the current consensus recommendation for Randstad is “Hold,” and the price goal for the business has been determined to be $52.75.
When trading started on Thursday, Randstad’s share price was $22.76. The ratio of debt to equity is 1.16, the ratio of current assets to liquid assets is 1.16, and the ratio of liquid assets to current assets is 1.16. At this time, the firm’s market capitalization is 8.37 billion dollars, and it has a price-to-earnings ratio of 8.30 and a beta value of 1.32. During the previous year, the price of Randstad fluctuated between $22.41 and $37.62, with the average price being $37.62. The company’s price is currently trading at an average of $24.18 for the past 50 days and $26.32 for the past 200 days, respectively.
In addition to providing work solutions, Randstad N.V. is a business that provides services related to human resources (H.R.). In addition to payroll services, it offers temporary and permanent staffing services to clients in various industries, such as light industrial, office and administrative, manufacturing and logistics, and other specialized industries. The company also offers on-site solutions for managing a client’s workforce in many different industries, such as those that deal with “fast-moving consumer goods,” automotive, life sciences, contact centers, manufacturing, and logistics; administrative and professional industries; and industries with specific skill sets and varying levels of demand.