Kelly Services (KELYA) Expected to Announce Quarterly Earnings on Thursday

Kelly Services (NASDAQ:KELYA) is anticipated to post its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.07 per share and revenue of $925.87 million for the quarter.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. On average, analysts expect Kelly Services to post $1.10 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.

Kelly Services Price Performance

Shares of KELYA traded down $0.29 during mid-day trading on Tuesday, hitting $16.55. 19,699 shares of the company were exchanged, compared to its average volume of 405,205. The stock has a market cap of $574.64 million, a price-to-earnings ratio of -2.12, a price-to-earnings-growth ratio of 1.15 and a beta of 0.88. Kelly Services has a 1-year low of $7.98 and a 1-year high of $17.75. The company has a 50 day moving average of $16.29 and a 200-day moving average of $12.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen upgraded Kelly Services from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Weiss Ratings upgraded Kelly Services from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Finally, Barrington Research raised their target price on Kelly Services from $15.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.00.

About Kelly Services

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting, and talent-management services to employers. The company helps organizations address temporary, contract, direct-hire, and outsourced workforce needs across a range of industries and skill levels.

Its offerings include professional and industrial staffing, office and administrative support, science and engineering talent, education staffing, contact-center solutions, and workforce outsourcing and consulting.