Brokerages predict that Kelly Services, Inc. (NASDAQ:KELYA) will report earnings of $0.88 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Kelly Services’ earnings. Kelly Services reported earnings per share of $0.80 during the same quarter last year, which indicates a positive year over year growth rate of 10%. The business is expected to report its next quarterly earnings results before the market opens on Wednesday, February 13th.
On average, analysts expect that Kelly Services will report full year earnings of $2.30 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will post earnings of $2.41 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Kelly Services.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Wednesday, November 7th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.18. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. Kelly Services had a return on equity of 7.45% and a net margin of 1.17%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KELYA. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kelly Services by 56.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,230 shares of the business services provider’s stock valued at $46,000 after buying an additional 805 shares during the period. Founders Capital Management bought a new stake in shares of Kelly Services in the fourth quarter valued at about $51,000. Meeder Asset Management Inc. lifted its stake in shares of Kelly Services by 593.3% in the fourth quarter. Meeder Asset Management Inc. now owns 3,945 shares of the business services provider’s stock valued at $81,000 after buying an additional 3,376 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Kelly Services in the third quarter valued at about $222,000. Finally, Commonwealth Bank of Australia bought a new stake in shares of Kelly Services in the third quarter valued at about $242,000. Institutional investors and hedge funds own 66.42% of the company’s stock.
Shares of NASDAQ:KELYA traded down $0.14 during midday trading on Thursday, hitting $22.86. The company’s stock had a trading volume of 9,917 shares, compared to its average volume of 96,737. Kelly Services has a fifty-two week low of $19.21 and a fifty-two week high of $32.31. The company has a market cap of $895.86 million, a P/E ratio of 10.39 and a beta of 0.82.
Kelly Services Company Profile
Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions (GTS), and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.
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