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

Wall Street analysts expect Kelly Services, Inc. (NASDAQ:KELYA) to post earnings of $0.42 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 during the same quarter last year, which indicates a positive year over year growth rate of 20%. The firm is scheduled to issue 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 year. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.70 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Kelly Services.

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

Several analysts recently commented on KELYA shares. Zacks Investment Research upgraded shares of Kelly Services from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Wednesday, February 7th. ValuEngine upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, BidaskClub cut shares of Kelly Services from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th.

A number of large investors have recently bought and sold shares of KELYA. Acadian Asset Management LLC increased its holdings in Kelly Services by 188.2% during the 4th quarter. Acadian Asset Management LLC now owns 437,389 shares of the business services provider’s stock valued at $11,926,000 after acquiring an additional 285,605 shares in the last quarter. BlackRock Inc. increased its holdings in Kelly Services by 4.4% during the 4th 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. AXA increased its holdings in Kelly Services by 555.4% during the 4th quarter. AXA now owns 195,300 shares of the business services provider’s stock valued at $5,326,000 after acquiring an additional 165,500 shares in the last quarter. Walthausen & Co. LLC purchased a new position in Kelly Services during the 3rd quarter valued at about $3,575,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Kelly Services by 58.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 329,697 shares of the business services provider’s stock valued at $8,991,000 after acquiring an additional 121,933 shares in the last quarter. Hedge funds and other institutional investors own 68.09% of the company’s stock.

Shares of NASDAQ KELYA traded down $0.69 during midday trading on Friday, hitting $29.04. The company had a trading volume of 160,365 shares, compared to its average volume of 161,452. Kelly Services has a twelve month low of $20.27 and a twelve month high of $30.99. The stock has a market capitalization of $1,133.63, a price-to-earnings ratio of 13.20 and a beta of 1.01.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were issued a dividend of $0.075 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.30 annualized dividend and a yield of 1.03%. Kelly Services’s dividend payout ratio (DPR) is currently 13.64%.

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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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