Analysts Anticipate Kelly Services, Inc. (KELYA) Will Announce Earnings of $0.88 Per Share

Brokerages predict that Kelly Services, Inc. (NASDAQ:KELYA) will report earnings per share (EPS) of $0.88 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Kelly Services’ earnings. Kelly Services posted earnings of $0.80 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The company is expected to issue its next quarterly earnings results on Thursday, February 7th.

On average, analysts expect that Kelly Services will report full-year earnings of $2.30 per share for the current year. For the next year, analysts anticipate that the business will report earnings of $2.41 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Kelly Services.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Wednesday, November 7th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.18. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Kelly Services had a net margin of 1.17% and a return on equity of 7.45%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS.

KELYA has been the subject of a number of research analyst reports. Sidoti initiated coverage on shares of Kelly Services in a research report on Friday, August 24th. They set a “buy” rating and a $37.00 price objective for the company. BidaskClub raised shares of Kelly Services from a “hold” rating to a “buy” rating in a report on Thursday, October 18th. ValuEngine lowered shares of Kelly Services from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Finally, Zacks Investment Research raised shares of Kelly Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $34.50.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Walthausen & Co. LLC bought a new stake in shares of Kelly Services in the 3rd quarter valued at $7,674,000. BlackRock Inc. boosted its stake in shares of Kelly Services by 7.1% in the 2nd quarter. BlackRock Inc. now owns 4,342,762 shares of the business services provider’s stock valued at $97,496,000 after purchasing an additional 289,379 shares during the last quarter. FMR LLC boosted its stake in shares of Kelly Services by 86.8% in the 2nd quarter. FMR LLC now owns 296,211 shares of the business services provider’s stock valued at $6,650,000 after purchasing an additional 137,680 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Kelly Services in the 2nd quarter valued at $2,290,000. Finally, Allianz Asset Management GmbH boosted its stake in shares of Kelly Services by 47.1% in the 1st quarter. Allianz Asset Management GmbH now owns 311,262 shares of the business services provider’s stock valued at $9,039,000 after purchasing an additional 99,698 shares during the last quarter. 65.98% of the stock is currently owned by hedge funds and other institutional investors.

KELYA stock traded down $0.30 during trading on Wednesday, reaching $23.29. 67,900 shares of the company were exchanged, compared to its average volume of 165,581. The stock has a market cap of $903.33 million, a price-to-earnings ratio of 10.59 and a beta of 0.79. Kelly Services has a twelve month low of $21.44 and a twelve month high of $32.31.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, November 20th. Kelly Services’s payout ratio is 13.64%.

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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