Kelly Services, Inc. (NASDAQ:KELYA) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also assigned Kelly Services an industry rank of 67 out of 265 based on the ratings given to related companies.
A number of research analysts recently issued reports on KELYA shares. ValuEngine downgraded Kelly Services from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub downgraded Kelly Services from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded Kelly Services from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, August 11th.
Kelly Services (NASDAQ:KELYA) traded down $0.23 during trading hours on Monday, reaching $28.17. The company had a trading volume of 193,600 shares, compared to its average volume of 122,931. The stock has a market cap of $1,070.00, a P/E ratio of 14.56 and a beta of 1.06. Kelly Services has a 12-month low of $19.50 and a 12-month high of $29.17.
Kelly Services (NASDAQ:KELYA) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.27. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.30 billion. Kelly Services had a return on equity of 7.25% and a net margin of 1.44%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. research analysts expect that Kelly Services will post 1.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be paid a $0.075 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.30 annualized dividend and a dividend yield of 1.06%. Kelly Services’s dividend payout ratio (DPR) is currently 16.04%.
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Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Kelly Services by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,720,771 shares of the business services provider’s stock valued at $61,081,000 after purchasing an additional 9,394 shares during the last quarter. LSV Asset Management grew its stake in shares of Kelly Services by 4.7% in the 2nd quarter. LSV Asset Management now owns 838,861 shares of the business services provider’s stock valued at $18,832,000 after purchasing an additional 37,600 shares during the last quarter. State Street Corp grew its stake in shares of Kelly Services by 5.4% in the 2nd quarter. State Street Corp now owns 791,849 shares of the business services provider’s stock valued at $17,773,000 after purchasing an additional 40,773 shares during the last quarter. Northpointe Capital LLC grew its stake in shares of Kelly Services by 16.4% in the 3rd quarter. Northpointe Capital LLC now owns 773,568 shares of the business services provider’s stock valued at $19,409,000 after purchasing an additional 109,143 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Kelly Services by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 588,936 shares of the business services provider’s stock valued at $14,776,000 after purchasing an additional 6,143 shares during the last quarter. Institutional investors own 66.40% of the company’s stock.
About Kelly Services
Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).
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