Kelly Services (KELYA) to Release Earnings on Thursday

Kelly Services (NASDAQ:KELYA) is scheduled to release its earnings data before the market opens on Thursday, November 9th. Analysts expect Kelly Services to post earnings of $0.25 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Thursday, August 10th. The business services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Kelly Services had a net margin of 0.03% and a return on equity of 3.61%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts expect Kelly Services to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kelly Services Trading Up 1.4 %

Shares of NASDAQ:KELYA opened at $18.10 on Thursday. Kelly Services has a 52 week low of $15.07 and a 52 week high of $19.43. The company’s 50 day moving average is $18.28 and its two-hundred day moving average is $17.86. The company has a market cap of $640.74 million, a PE ratio of 452.61, a P/E/G ratio of 0.92 and a beta of 1.09.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 23rd were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Tuesday, August 22nd. Kelly Services’s dividend payout ratio is presently 750.19%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KELYA. Barrington Research upped their target price on shares of Kelly Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, August 14th. StockNews.com upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a report on Friday, October 13th.

Institutional Trading of Kelly Services

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Kelly Services by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,659,949 shares of the business services provider’s stock worth $49,739,000 after acquiring an additional 107,704 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Kelly Services by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,715,657 shares of the business services provider’s stock valued at $45,052,000 after purchasing an additional 67,363 shares in the last quarter. State Street Corp increased its holdings in shares of Kelly Services by 0.9% in the 1st quarter. State Street Corp now owns 1,449,856 shares of the business services provider’s stock valued at $24,053,000 after purchasing an additional 13,004 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Kelly Services by 5.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,308,682 shares of the business services provider’s stock valued at $21,711,000 after purchasing an additional 70,969 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Kelly Services by 3.3% in the 1st quarter. Invesco Ltd. now owns 1,246,455 shares of the business services provider’s stock valued at $27,036,000 after purchasing an additional 40,289 shares in the last quarter. Institutional investors and hedge funds own 73.09% of the company’s stock.

Kelly Services Company Profile

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 placement services in the areas of office, professional, light industrial, and contact center specialties.