Wall Street brokerages expect that Kelly Services, Inc. (NASDAQ:KELYA) will report $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Kelly Services’ earnings. Kelly Services reported earnings per share of $0.35 in the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The business is scheduled to announce its next earnings results on Thursday, May 10th.
On average, analysts expect that Kelly Services will report full-year earnings of $2.35 per share for the current financial year. For the next financial year, analysts anticipate that the business will post earnings of $2.70 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Kelly Services.
Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. Kelly Services had a net margin of 1.33% and a return on equity of 7.92%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis.
KELYA has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Kelly Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine raised shares of Kelly Services from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub raised shares of Kelly Services from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th.
Shares of Kelly Services (NASDAQ KELYA) opened at $29.99 on Thursday. The company has a market cap of $1,152.37, a PE ratio of 13.63 and a beta of 1.12. Kelly Services has a 52 week low of $20.27 and a 52 week high of $30.93.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, February 23rd. Kelly Services’s dividend payout ratio (DPR) is 16.57%.
In other news, Director Jane E. Dutton sold 6,900 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $29.05, for a total value of $200,445.00. Following the completion of the sale, the director now directly owns 24,180 shares of the company’s stock, valued at $702,429. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.10% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of KELYA. BlackRock Inc. raised its position in Kelly Services by 4.4% during the fourth quarter. BlackRock Inc. now owns 3,980,829 shares of the business services provider’s stock valued at $108,558,000 after acquiring an additional 166,756 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Kelly Services by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,945,394 shares of the business services provider’s stock valued at $73,900,000 after acquiring an additional 9,868 shares in the last quarter. Vanguard Group Inc. raised its position in Kelly Services by 0.3% during the second quarter. Vanguard Group Inc. now owns 2,720,771 shares of the business services provider’s stock valued at $61,081,000 after acquiring an additional 9,394 shares in the last quarter. LSV Asset Management raised its position in Kelly Services by 0.4% during the fourth quarter. LSV Asset Management now owns 1,012,761 shares of the business services provider’s stock valued at $27,617,000 after acquiring an additional 3,900 shares in the last quarter. Finally, State Street Corp raised its position in Kelly Services by 5.4% during the second quarter. State Street Corp now owns 791,849 shares of the business services provider’s stock valued at $17,773,000 after acquiring an additional 40,773 shares in the last quarter. 66.01% of the stock is owned by institutional investors and hedge funds.
About Kelly Services
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).
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