Kelly Services (KELYA) Projected to Post Earnings on Thursday

Kelly Services (NASDAQ:KELYA) is anticipated to post its results before the market opens on Thursday, May 7th. Analysts expect Kelly Services to post earnings of $0.07 per share and revenue of $1.0203 billion for the quarter.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.29). Kelly Services had a negative net margin of 5.98% and a positive return on equity of 4.05%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, analysts expect Kelly Services to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kelly Services Stock Up 0.1%

Shares of NASDAQ:KELYA traded up $0.01 during trading on Wednesday, reaching $9.82. The stock had a trading volume of 87,217 shares, compared to its average volume of 444,115. Kelly Services has a one year low of $7.98 and a one year high of $14.94. The company has a market capitalization of $335.77 million, a P/E ratio of -1.35, a PEG ratio of 0.71 and a beta of 0.79. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $9.10 and its 200 day simple moving average is $9.51.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 25th. Kelly Services’s dividend payout ratio (DPR) is presently -4.13%.

Wall Street Analyst Weigh In

KELYA has been the subject of several research analyst reports. Wall Street Zen raised shares of Kelly Services from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Barrington Research decreased their price objective on shares of Kelly Services from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kelly Services in a research report on Tuesday, April 21st. Finally, Zacks Research raised shares of Kelly Services from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.00.

Insider Buying and Selling

In other Kelly Services news, Director James Christopher Hunt purchased 10,000 shares of Kelly Services stock in a transaction on Monday, February 23rd. The stock was bought at an average cost of $9.43 per share, with a total value of $94,300.00. Following the transaction, the director owned 25,976 shares of the company’s stock, valued at $244,953.68. This represents a 62.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher D. Layden purchased 10,100 shares of Kelly Services stock in a transaction on Tuesday, March 24th. The shares were acquired at an average cost of $8.80 per share, with a total value of $88,880.00. Following the completion of the transaction, the chief executive officer directly owned 382,513 shares in the company, valued at $3,366,114.40. The trade was a 2.71% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 35,200 shares of company stock valued at $327,137 over the last three months. 5.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kelly Services

A number of institutional investors have recently bought and sold shares of the business. State of Tennessee Department of Treasury purchased a new position in Kelly Services during the 4th quarter worth approximately $519,000. Mackenzie Financial Corp raised its position in Kelly Services by 23.2% during the 4th quarter. Mackenzie Financial Corp now owns 38,342 shares of the business services provider’s stock worth $336,000 after buying an additional 7,217 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Kelly Services by 74.0% during the 4th quarter. NewEdge Advisors LLC now owns 23,603 shares of the business services provider’s stock worth $208,000 after purchasing an additional 10,038 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Kelly Services during the 4th quarter worth approximately $923,000. Finally, Numerai GP LLC grew its stake in shares of Kelly Services by 1,133.6% during the 4th quarter. Numerai GP LLC now owns 167,418 shares of the business services provider’s stock worth $1,473,000 after purchasing an additional 153,846 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.