Kelly Services (KELYA) Expected to Post Earnings of $0.45 Per Share

Brokerages expect Kelly Services (NASDAQ:KELYA) to report earnings of $0.45 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Kelly Services’ earnings. Kelly Services posted earnings per share of $0.47 during the same quarter last year, which would indicate a negative year over year growth rate of 4.3%. The company is scheduled to report its next earnings report on Wednesday, August 8th.

On average, analysts expect that Kelly Services will report full-year earnings of $2.24 per share for the current financial year. For the next fiscal year, analysts expect that the company will report earnings of $2.60 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Kelly Services.

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

A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Thursday, April 26th. Zacks Investment Research raised 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 raised shares of Kelly Services from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st.

KELYA stock traded up $0.61 during mid-day trading on Friday, reaching $22.56. 619,900 shares of the stock traded hands, compared to its average volume of 187,503. Kelly Services has a 52-week low of $21.01 and a 52-week high of $32.31. The firm has a market capitalization of $860.79 million, a PE ratio of 10.20 and a beta of 1.03.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Tuesday, May 22nd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, May 21st. Kelly Services’s dividend payout ratio (DPR) is 13.64%.

Several hedge funds and other institutional investors have recently bought and sold shares of KELYA. Federated Investors Inc. PA lifted its position in shares of Kelly Services by 2,180.0% in the first quarter. Federated Investors Inc. PA now owns 3,534 shares of the business services provider’s stock worth $103,000 after purchasing an additional 3,379 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Kelly Services in the fourth quarter worth approximately $210,000. UBS Asset Management Americas Inc. bought a new position in Kelly Services during the fourth quarter valued at approximately $240,000. Teacher Retirement System of Texas bought a new position in Kelly Services during the fourth quarter valued at approximately $303,000. Finally, MetLife Investment Advisors LLC bought a new position in Kelly Services during the fourth quarter valued at approximately $408,000. 69.41% of the stock is owned by institutional investors and hedge funds.

Kelly Services 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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