Brokerages Expect Kelly Services, Inc. Class A (KELYA) to Announce $0.45 EPS

Brokerages expect that Kelly Services, Inc. Class A (NASDAQ:KELYA) will post $0.45 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Kelly Services, Inc. Class A’s earnings. Kelly Services, Inc. Class A reported earnings of $0.47 per share during the same quarter last year, which would indicate a negative year over year growth rate of 4.3%. The firm is scheduled to report its next earnings results on Wednesday, August 8th.

According to Zacks, analysts expect that Kelly Services, Inc. Class A will report full-year earnings of $2.23 per share for the current financial year. For the next fiscal year, analysts forecast that the business will post earnings of $2.60 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Kelly Services, Inc. Class A.

Kelly Services, Inc. Class A (NASDAQ:KELYA) last posted its earnings results on Thursday, May 10th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.10). Kelly Services, Inc. Class A had a return on equity of 7.57% and a net margin of 1.62%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company posted $0.35 earnings per share. Kelly Services, Inc. Class A’s revenue for the quarter was up 6.2% compared to the same quarter last year.

A number of analysts recently issued reports on KELYA shares. ValuEngine raised Kelly Services, Inc. Class A from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut shares of Kelly Services, Inc. Class A from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Northcoast Research raised shares of Kelly Services, Inc. Class A from a “neutral” rating to a “buy” rating in a research note on Monday, May 21st. Finally, BidaskClub raised shares of Kelly Services, Inc. Class A from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th.

Several institutional investors and hedge funds have recently modified their holdings of KELYA. Federated Investors Inc. PA boosted its holdings in shares of Kelly Services, Inc. Class A by 2,180.0% in the 1st quarter. Federated Investors Inc. PA now owns 3,534 shares of the business services provider’s stock valued at $103,000 after buying an additional 3,379 shares during the last quarter. Virtu Financial LLC acquired a new stake in Kelly Services, Inc. Class A during the 4th quarter valued at $210,000. UBS Asset Management Americas Inc. acquired a new stake in Kelly Services, Inc. Class A during the 4th quarter valued at $240,000. Teacher Retirement System of Texas acquired a new stake in Kelly Services, Inc. Class A during the 4th quarter valued at $303,000. Finally, WINTON GROUP Ltd acquired a new stake in Kelly Services, Inc. Class A during the 1st quarter valued at $324,000. 66.89% of the stock is owned by institutional investors.

Kelly Services, Inc. Class A traded up $0.07, reaching $23.57, during trading hours on Thursday, according to MarketBeat Ratings. 160,771 shares of the company’s stock were exchanged, compared to its average volume of 195,661. Kelly Services, Inc. Class A has a one year low of $21.01 and a one year high of $32.31. The stock has a market cap of $902.05 million, a price-to-earnings ratio of 10.71 and a beta of 0.95.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 6th. Stockholders of record on Tuesday, May 22nd were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, May 21st. This represents a $0.30 annualized dividend and a dividend yield of 1.27%. Kelly Services, Inc. Class A’s dividend payout ratio is currently 13.64%.

Kelly Services, Inc. Class A Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions (GTS), and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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