According to Zacks, “KELLY SERVICES, INC. provides temporary office clerical, marketing, professional, technical, light industrial, home care services, management services and other business services to a diversified group of customers through offices located in major cities of the United States, Australia, Canada, Denmark, France, Ireland, Italy, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Russia, Spain, Switzerland and United Kingdom. Kelly Temporary Services provides office clerical, marketing, professional, technical, semi-skilled light industrial and management services. “
Shares of Kelly Services (NASDAQ:KELYA) opened at 19.01 on Wednesday. The company’s 50 day moving average price is $19.08 and its 200 day moving average price is $19.29. The company has a market capitalization of $724.15 million, a price-to-earnings ratio of 11.69 and a beta of 1.75. Kelly Services has a 52-week low of $14.35 and a 52-week high of $20.98.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.02. Kelly Services had a net margin of 1.14% and a return on equity of 7.03%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that Kelly Services will post $1.57 EPS for the current year.
In other Kelly Services news, Director B Joseph White sold 7,899 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $19.11, for a total transaction of $150,949.89. Following the sale, the director now directly owns 22,090 shares in the company, valued at $422,139.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Conrad L. Mallett, Jr. sold 1,792 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $19.55, for a total value of $35,033.60. Following the sale, the director now owns 14,351 shares in the company, valued at $280,562.05. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. Mason Street Advisors LLC acquired a new stake in shares of Kelly Services during the second quarter valued at $110,000. Advisor Group Inc. acquired a new stake in shares of Kelly Services during the second quarter valued at $116,000. Springbok Capital Management LLC increased its stake in shares of Kelly Services by 272.5% in the first quarter. Springbok Capital Management LLC now owns 6,996 shares of the company’s stock valued at $134,000 after buying an additional 5,118 shares during the last quarter. DIAM Co. Ltd. acquired a new stake in shares of Kelly Services during the second quarter valued at $139,000. Finally, Bank of Montreal Can acquired a new stake in shares of Kelly Services during the second quarter valued at $153,000. Institutional investors and hedge funds own 64.78% of the company’s stock.
Kelly Services Company Profile
Kelly Services, Inc is a workforce solutions provider. The Company provides workforce solutions in over three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). It operates in seven segments: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kelly Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelly Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.