Wall Street brokerages predict that Kelly Services, Inc. (NASDAQ:KELYA – Get Rating) will report earnings per share (EPS) of $0.47 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Kelly Services’ earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.49. Kelly Services posted earnings of $0.49 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.1%. The company is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that Kelly Services will report full year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.85. For the next financial year, analysts anticipate that the business will post earnings of $2.86 per share, with EPS estimates ranging from $2.40 to $3.32. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Kelly Services.
Kelly Services (NASDAQ:KELYA – Get Rating) last released its quarterly earnings results on Thursday, May 12th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.16. Kelly Services had a return on equity of 5.71% and a net margin of 1.66%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $0.12 EPS. The business’s revenue was up 7.5% on a year-over-year basis.
Shares of KELYA stock opened at $19.13 on Thursday. The firm has a 50-day moving average price of $20.60 and a 200 day moving average price of $19.13. Kelly Services has a twelve month low of $15.89 and a twelve month high of $26.35. The company has a market capitalization of $753.72 million, a price-to-earnings ratio of 9.38 and a beta of 1.03.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 9th. Stockholders of record on Thursday, May 26th will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, May 25th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.57%. This is an increase from Kelly Services’s previous quarterly dividend of $0.05. Kelly Services’s dividend payout ratio is currently 9.80%.
Large investors have recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in shares of Kelly Services during the 4th quarter worth about $27,000. Captrust Financial Advisors boosted its holdings in Kelly Services by 43.0% in the 1st quarter. Captrust Financial Advisors now owns 3,407 shares of the business services provider’s stock worth $74,000 after acquiring an additional 1,024 shares during the period. Gladius Capital Management LP purchased a new position in Kelly Services in the 4th quarter worth approximately $60,000. US Bancorp DE boosted its holdings in Kelly Services by 16.9% in the 1st quarter. US Bancorp DE now owns 4,185 shares of the business services provider’s stock worth $91,000 after acquiring an additional 606 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Kelly Services in the 3rd quarter worth approximately $89,000. Institutional investors and hedge funds own 70.49% of the company’s stock.
About Kelly Services (Get Rating)
Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and direct-hire services in the areas of office, professional, light industrial, and contact center specialties.
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