Wall Street brokerages expect Kelly Services, Inc. (NASDAQ:KELYA – Get Rating) to post earnings of $0.47 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Kelly Services’ earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.45. Kelly Services posted earnings per share of $0.49 in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.1%. The company is expected to report its next earnings results 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 year, analysts forecast that the business will post earnings of $2.86 per share, with EPS estimates ranging from $2.40 to $3.32. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Kelly Services.
Kelly Services (NASDAQ:KELYA – Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.30 by $0.16. Kelly Services had a net margin of 1.66% and a return on equity of 5.71%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year.
NASDAQ:KELYA opened at $19.13 on Thursday. Kelly Services has a one year low of $15.89 and a one year high of $26.35. The firm has a market cap of $753.72 million, a P/E ratio of 9.38 and a beta of 1.03. The firm has a 50-day simple moving average of $20.60 and a 200-day simple moving average of $19.13.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 9th. Shareholders of record on Thursday, May 26th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, May 25th. This is an increase from Kelly Services’s previous quarterly dividend of $0.05. Kelly Services’s payout ratio is currently 9.80%.
Large investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. grew its position in Kelly Services by 53.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 15,510 shares of the business services provider’s stock worth $260,000 after purchasing an additional 5,380 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Kelly Services during the 3rd quarter worth approximately $155,000. IndexIQ Advisors LLC grew its position in Kelly Services by 11.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 20,189 shares of the business services provider’s stock worth $381,000 after purchasing an additional 2,023 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Kelly Services during the 3rd quarter worth approximately $89,000. Finally, UBS Asset Management Americas Inc. grew its position in Kelly Services by 52.9% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 41,705 shares of the business services provider’s stock worth $787,000 after purchasing an additional 14,431 shares during the last quarter. 70.49% of the stock is currently owned by institutional investors.
Kelly Services Company Profile (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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