Noble Financial Cuts Earnings Estimates for Kelly Services

Kelly Services, Inc. (NASDAQ:KELYA) – Equities research analysts at Noble Financial cut their FY2026 EPS estimates for shares of Kelly Services in a report released on Monday, November 9th. Noble Financial analyst J. Gomes now forecasts that the business services provider will post earnings of $1.08 per share for the year, down from their previous estimate of $1.21. The consensus estimate for Kelly Services’ current full-year earnings is $1.04 per share. Noble Financial also issued estimates for Kelly Services’ FY2027 earnings at $1.72 EPS.

A number of other brokerages also recently issued reports on KELYA. Barrington Research raised their price objective on Kelly Services from $15.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Kelly Services from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, November 4th. Finally, Wall Street Zen raised shares of Kelly Services from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kelly Services presently has an average rating of “Hold” and an average target price of $20.00.

Kelly Services Stock Performance

Shares of Kelly Services stock opened at $14.04 on Wednesday. The firm has a market cap of $487.61 million, a PE ratio of -3.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.93. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.12. Kelly Services has a 52 week low of $7.98 and a 52 week high of $17.75. The business’s fifty day simple moving average is $16.02 and its 200-day simple moving average is $12.68.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Thursday, November 5th. The business services provider reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $927.20 million during the quarter, compared to analyst estimates of $925.87 million. Kelly Services had a positive return on equity of 2.36% and a negative net margin of 3.08%.

Kelly Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be given a $0.0750 dividend. This represents a $0.30 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 18th. Kelly Services’s payout ratio is currently -8.33%.

Institutional Trading of Kelly Services

A number of institutional investors and hedge funds have recently bought and sold shares of KELYA. Signaturefd LLC boosted its stake in shares of Kelly Services by 165.4% in the third quarter. Signaturefd LLC now owns 1,754 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 1,093 shares during the period. USA Financial Formulas purchased a new position in Kelly Services in the 3rd quarter valued at approximately $41,000. Integrated Wealth Concepts LLC purchased a new position in Kelly Services in the 2nd quarter valued at approximately $45,000. GAMMA Investing LLC boosted its position in Kelly Services by 19.9% in the 2nd quarter. GAMMA Investing LLC now owns 6,153 shares of the business services provider’s stock valued at $76,000 after buying an additional 1,023 shares during the period. Finally, Crescent Grove Advisors LLC purchased a new stake in shares of Kelly Services during the first quarter worth $88,000. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

About Kelly Services

Kelly Services is a workforce solutions and staffing company that connects employers with workers across a range of professional and industrial fields. Its services include temporary and contract staffing, direct-hire recruitment, workforce management and related consulting and outsourcing solutions. The company serves organizations in areas such as science and engineering, education, technology, finance, and office and industrial operations. Its offerings are designed to help employers recruit talent and manage workforce needs, while providing job seekers with access to temporary, contract and permanent opportunities.