Q3 EPS Estimates for Kelly Services Cut by Noble Financial

Kelly Services, Inc. (NASDAQ:KELYA) – Research analysts at Noble Financial reduced their Q3 2026 EPS estimates for shares of Kelly Services in a research note issued to investors on Monday, August 10th. Noble Financial analyst J. Gomes now anticipates that the business services provider will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.18. The consensus estimate for Kelly Services’ current full-year earnings is $1.01 per share.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.19. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. During the same period in the previous year, the company earned $0.52 earnings per share.

Several other equities analysts have also recently issued reports on the company. Barrington Research upped their price objective on Kelly Services from $15.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday. Zacks Research upgraded Kelly Services from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kelly Services in a report on Friday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.00.

Kelly Services Price Performance

Shares of KELYA opened at $15.67 on Tuesday. The company has a market capitalization of $543.28 million, a P/E ratio of -2.01, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $13.44 and a 200 day moving average of $10.99. Kelly Services has a twelve month low of $7.98 and a twelve month high of $17.75.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Kelly Services’s dividend payout ratio (DPR) is presently -3.84%.

Insider Activity

In other news, EVP Vanessa Peterson Williams sold 29,999 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $9.78, for a total transaction of $293,390.22. Following the completion of the sale, the executive vice president owned 82,355 shares of the company’s stock, valued at $805,431.90. This represents a 26.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Kelly Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP increased its holdings in Kelly Services by 173.2% during the third quarter. Quarry LP now owns 1,970 shares of the business services provider’s stock valued at $26,000 after buying an additional 1,249 shares during the last quarter. CANADA LIFE ASSURANCE Co bought a new position in Kelly Services in the 4th quarter worth $30,000. Tower Research Capital LLC TRC lifted its position in Kelly Services by 83.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 1,967 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Kelly Services in the fourth quarter worth about $42,000. Finally, GAMMA Investing LLC raised its stake in shares of Kelly Services by 19.9% in the second quarter. GAMMA Investing LLC now owns 6,153 shares of the business services provider’s stock worth $76,000 after buying an additional 1,023 shares during the period. 76.34% of the stock is owned by hedge funds and other institutional investors.

About Kelly Services

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.