Shares of Kelly Services, Inc. (NASDAQ:KELYA) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also given Kelly Services an industry rank of 30 out of 265 based on the ratings given to its competitors.
Several brokerages have recently commented on KELYA. BidaskClub cut shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of Kelly Services from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, February 7th. Finally, ValuEngine upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in Kelly Services in the fourth quarter valued at approximately $210,000. Macquarie Group Ltd. bought a new position in Kelly Services in the third quarter valued at approximately $218,000. UBS Asset Management Americas Inc. bought a new position in Kelly Services in the fourth quarter valued at approximately $240,000. SG Americas Securities LLC lifted its stake in Kelly Services by 78.9% in the third quarter. SG Americas Securities LLC now owns 9,288 shares of the business services provider’s stock valued at $233,000 after buying an additional 4,097 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Kelly Services in the fourth quarter valued at approximately $303,000. Hedge funds and other institutional investors own 68.06% of the company’s stock.
Kelly Services (KELYA) traded up $0.50 on Wednesday, reaching $30.58. 337,621 shares of the company’s stock traded hands, compared to its average volume of 150,562. The firm has a market cap of $1,155.91, a PE ratio of 16.90 and a beta of 1.03. Kelly Services has a 52-week low of $20.27 and a 52-week high of $30.93.
Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.18. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Kelly Services had a net margin of 1.33% and a return on equity of 7.92%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. equities research analysts expect that Kelly Services will post 2.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, February 26th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, February 23rd. Kelly Services’s dividend 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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