Kelly Services, Inc. (KELYA) Expected to Post Earnings of $0.42 Per Share

Equities analysts expect that Kelly Services, Inc. (NASDAQ:KELYA) will post $0.42 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Kelly Services’ earnings. Kelly Services posted earnings per share of $0.35 in the same quarter last year, which suggests a positive year over year growth rate of 20%. The company is expected to issue its next quarterly earnings results on Thursday, May 10th.

According to Zacks, analysts expect that Kelly Services will report full-year earnings of $2.35 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of $2.70 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Kelly Services.

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Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.18. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Kelly Services had a return on equity of 7.92% and a net margin of 1.33%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 EPS.

KELYA has been the topic of a number of recent analyst reports. BidaskClub upgraded Kelly Services from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Zacks Investment Research cut Kelly Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, ValuEngine upgraded Kelly Services from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st.

Several hedge funds and other institutional investors have recently modified their holdings of KELYA. The Manufacturers Life Insurance Company boosted its stake in Kelly Services by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 23,872 shares of the business services provider’s stock valued at $536,000 after buying an additional 791 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Kelly Services by 3.5% during the third quarter. Rhumbline Advisers now owns 62,828 shares of the business services provider’s stock valued at $1,576,000 after purchasing an additional 2,104 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Kelly Services by 4.6% during the fourth quarter. Teachers Advisors LLC now owns 56,983 shares of the business services provider’s stock valued at $1,554,000 after purchasing an additional 2,503 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Kelly Services by 2.3% during the third quarter. California Public Employees Retirement System now owns 142,241 shares of the business services provider’s stock valued at $3,569,000 after purchasing an additional 3,241 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of 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 purchasing an additional 3,900 shares in the last quarter. Institutional investors own 68.09% of the company’s stock.

Shares of Kelly Services (NASDAQ KELYA) traded down $1.27 during midday trading on Tuesday, hitting $28.68. The company had a trading volume of 146,527 shares, compared to its average volume of 148,342. Kelly Services has a 52 week low of $20.27 and a 52 week high of $30.99. The company has a market capitalization of $1,102.12, a PE ratio of 13.04 and a beta of 1.03.

The business also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Friday, February 23rd. Kelly Services’s payout ratio is currently 16.57%.

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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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