Kelly Services (KELYB) Releases Earnings Results, Beats Expectations By $0.18 EPS

Kelly Services (NASDAQ:KELYB) posted its quarterly earnings results on Thursday. The business services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18, RTT News reports. The company had revenue of $1.42 billion for the quarter. Kelly Services had a net margin of 1.33% and a return on equity of 7.92%. During the same period last year, the firm posted $0.55 EPS.

Shares of Kelly Services (NASDAQ KELYB) opened at $27.00 on Friday. The stock has a market cap of $1,037.47, a price-to-earnings ratio of 14.92 and a beta of 0.84. Kelly Services has a 1-year low of $20.18 and a 1-year high of $28.50.

Separately, ValuEngine cut shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Monday, December 11th.

An institutional investor recently bought a new position in Kelly Services stock. FNY Managed Accounts LLC bought a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,872 shares of the business services provider’s stock, valued at approximately $181,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

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Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).

Earnings History for Kelly Services (NASDAQ:KELYB)

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