$0.29 EPS Expected for Kelly Services, Inc. (NASDAQ:KELYA) This Quarter

Wall Street brokerages predict that Kelly Services, Inc. (NASDAQ:KELYA) will announce earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kelly Services’ earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.44. Kelly Services also posted earnings per share of $0.29 during the same quarter last year. The company is expected to report its next earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Kelly Services will report full-year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.40 to $1.63. For the next financial year, analysts anticipate that the firm will post earnings of $2.06 per share, with EPS estimates ranging from $1.97 to $2.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Kelly Services.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, August 12th. The business services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.16. Kelly Services had a net margin of 1.89% and a return on equity of 4.37%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion.

KELYA has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Kelly Services from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, August 18th. TheStreet downgraded Kelly Services from a “b-” rating to a “c+” rating in a research note on Friday, August 13th. Finally, Northcoast Research raised Kelly Services from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, August 10th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $27.25.

KELYA stock traded up $0.48 during midday trading on Monday, reaching $19.80. 124,430 shares of the company were exchanged, compared to its average volume of 169,851. The business has a 50-day moving average price of $20.70 and a two-hundred day moving average price of $22.80. The firm has a market capitalization of $779.51 million, a price-to-earnings ratio of 8.59 and a beta of 1.25. Kelly Services has a one year low of $15.56 and a one year high of $26.98.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 7th. Shareholders of record on Wednesday, August 25th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, August 24th. Kelly Services’s dividend payout ratio is presently 13.89%.

Several institutional investors have recently bought and sold shares of KELYA. State of Alaska Department of Revenue raised its position in Kelly Services by 2.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 23,175 shares of the business services provider’s stock valued at $555,000 after buying an additional 561 shares during the last quarter. California State Teachers Retirement System boosted its stake in Kelly Services by 1.9% in the 1st quarter. California State Teachers Retirement System now owns 51,877 shares of the business services provider’s stock worth $1,155,000 after purchasing an additional 967 shares during the period. Royce & Associates LP boosted its position in shares of Kelly Services by 9.8% during the 1st quarter. Royce & Associates LP now owns 11,720 shares of the business services provider’s stock valued at $261,000 after acquiring an additional 1,046 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Kelly Services by 1.1% during the 1st quarter. Rhumbline Advisers now owns 115,521 shares of the business services provider’s stock valued at $2,573,000 after acquiring an additional 1,206 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Kelly Services by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 246,454 shares of the business services provider’s stock valued at $5,489,000 after acquiring an additional 1,466 shares during the last quarter. Hedge funds and other institutional investors own 71.56% of the company’s stock.

Kelly Services Company Profile

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.

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