Equities analysts expect Kelly Services, Inc. (NASDAQ:KELYA) to announce $0.35 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 of $0.58 per share in the same quarter last year, which would indicate a negative year over year growth rate of 39.7%. The firm is expected to announce its next quarterly earnings results before the market opens on Wednesday, November 7th.
On average, analysts expect that Kelly Services will report full year earnings of $2.10 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $2.50 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Kelly Services.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Wednesday, August 8th. The business services provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.11. Kelly Services had a return on equity of 7.62% and a net margin of 0.99%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the business earned $0.47 EPS. Kelly Services’s revenue was up 4.0% on a year-over-year basis.
A number of research firms have recently commented on KELYA. BidaskClub downgraded Kelly Services from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. ValuEngine upgraded Kelly Services from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research upgraded Kelly Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Kelly Services currently has an average rating of “Buy” and a consensus price target of $34.50.
Shares of NASDAQ KELYA opened at $24.80 on Wednesday. Kelly Services has a 1-year low of $21.44 and a 1-year high of $32.31. The stock has a market cap of $949.90 million, a price-to-earnings ratio of 11.27 and a beta of 0.79.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KELYA. Sei Investments Co. increased its holdings in shares of Kelly Services by 384.8% in the 2nd quarter. Sei Investments Co. now owns 5,759 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 4,571 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Kelly Services in the 2nd quarter valued at about $161,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Kelly Services in the 2nd quarter valued at about $186,000. Paloma Partners Management Co acquired a new stake in shares of Kelly Services in the 2nd quarter valued at about $219,000. Finally, SG Americas Securities LLC boosted its position in shares of Kelly Services by 210.1% in the 2nd quarter. SG Americas Securities LLC now owns 10,945 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 7,416 shares during the period. Institutional investors and hedge funds own 66.21% of the company’s stock.
About Kelly Services
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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