Analysts expect Kelly Services, Inc. (NASDAQ:KELYA) to report $0.42 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Kelly Services’ earnings. Kelly Services reported earnings per share of $0.35 during the same quarter last year, which suggests a positive year over year growth rate of 20%. The firm is expected to issue its next quarterly earnings report on Thursday, May 10th.
According to Zacks, analysts expect that Kelly Services will report full-year earnings of $2.35 per share for the current financial year. For the next fiscal year, analysts expect that the business will report earnings of $2.70 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Kelly Services.
Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, February 1st. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.62 by $0.18. Kelly Services had a return on equity of 7.92% and a net margin of 1.33%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the business posted $0.55 earnings per share. Kelly Services’s revenue was up 9.0% compared to the same quarter last year.
Several research analysts recently weighed in on the company. Zacks Investment Research raised Kelly Services from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, November 14th. BidaskClub raised Kelly Services from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Finally, ValuEngine raised Kelly Services from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
In related news, Director Jane E. Dutton sold 6,900 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $29.05, for a total transaction of $200,445.00. Following the transaction, the director now directly owns 24,180 shares of the company’s stock, valued at $702,429. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.30% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in Kelly Services in the 4th quarter worth about $210,000. Macquarie Group Ltd. acquired a new position in Kelly Services in the 3rd quarter worth about $218,000. UBS Asset Management Americas Inc. acquired a new position in Kelly Services in the 4th quarter worth about $240,000. SG Americas Securities LLC increased its position in Kelly Services by 78.9% in the 3rd quarter. SG Americas Securities LLC now owns 9,288 shares of the business services provider’s stock worth $233,000 after purchasing an additional 4,097 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Kelly Services in the 4th quarter worth about $303,000. 65.83% of the stock is currently owned by institutional investors.
Shares of Kelly Services (NASDAQ KELYA) traded down $0.57 during midday trading on Thursday, hitting $29.42. The stock had a trading volume of 155,962 shares, compared to its average volume of 165,701. Kelly Services has a twelve month low of $20.27 and a twelve month high of $30.93. The stock has a market capitalization of $1,140.00, a P/E ratio of 16.25 and a beta of 1.12.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, February 23rd. Kelly Services’s payout ratio is 16.57%.
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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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