Brokerages Anticipate Kelly Services, Inc. Class A (KELYA) to Announce $0.35 EPS

Brokerages expect Kelly Services, Inc. Class A (NASDAQ:KELYA) to post earnings per share (EPS) of $0.35 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Kelly Services, Inc. Class A’s earnings. Kelly Services, Inc. Class A reported earnings per share of $0.58 during the same quarter last year, which would suggest a negative year-over-year growth rate of 39.7%. The firm is expected to announce its next earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Kelly Services, Inc. Class A will report full-year earnings of $2.10 per share for the current financial year. For the next year, analysts expect that the company will post earnings of $2.50 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Kelly Services, Inc. Class A.

Kelly Services, Inc. Class A (NASDAQ:KELYA) last posted its earnings results on Wednesday, August 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.11. Kelly Services, Inc. Class A had a net margin of 0.99% and a return on equity of 7.62%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was up 4.0% compared to the same quarter last year.

Several research firms recently weighed in on KELYA. ValuEngine upgraded shares of Kelly Services, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. BidaskClub lowered shares of Kelly Services, Inc. Class A from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. Sidoti began coverage on shares of Kelly Services, Inc. Class A in a research report on Friday, August 24th. They set a “buy” rating and a $37.00 price target for the company. Northcoast Research upgraded shares of Kelly Services, Inc. Class A from a “neutral” rating to a “buy” rating in a research report on Friday, June 1st. Finally, Zacks Investment Research upgraded shares of Kelly Services, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $34.50.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank lifted its holdings in shares of Kelly Services, Inc. Class A by 3.2% in the first quarter. Swiss National Bank now owns 54,700 shares of the business services provider’s stock worth $1,588,000 after buying an additional 1,700 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Kelly Services, Inc. Class A by 3.1% in the second quarter. Rhumbline Advisers now owns 75,818 shares of the business services provider’s stock worth $1,702,000 after buying an additional 2,271 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Kelly Services, Inc. Class A by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 498,699 shares of the business services provider’s stock worth $11,196,000 after buying an additional 2,613 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Kelly Services, Inc. Class A by 4.5% in the second quarter. New York State Teachers Retirement System now owns 70,206 shares of the business services provider’s stock worth $1,576,000 after buying an additional 3,000 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its holdings in shares of Kelly Services, Inc. Class A 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 buying an additional 3,379 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ KELYA traded up $0.09 during trading on Wednesday, hitting $23.80. The stock had a trading volume of 1,137 shares, compared to its average volume of 119,088. Kelly Services, Inc. Class A has a 12 month low of $21.44 and a 12 month high of $32.31. The firm has a market cap of $939.03 million, a price-to-earnings ratio of 10.82 and a beta of 0.89.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Tuesday, August 21st were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, August 20th. This represents a $0.30 annualized dividend and a yield of 1.26%. Kelly Services, Inc. Class A’s 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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