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

Kelly Services (NASDAQ:KELYA) is expected to be announcing its results before the market opens on Thursday, February 12th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $1.0338 billion for the quarter.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, November 6th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). Kelly Services had a negative net margin of 3.58% and a positive return on equity of 5.74%. The business had revenue of $935.00 million for the quarter, compared to the consensus estimate of $972.80 million. On average, analysts expect Kelly Services to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kelly Services Stock Up 1.4%

KELYA opened at $10.79 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.11. Kelly Services has a 1-year low of $7.98 and a 1-year high of $15.11. The company has a market capitalization of $381.32 million, a PE ratio of -2.41, a PEG ratio of 0.47 and a beta of 0.79. The firm’s 50 day simple moving average is $9.31 and its two-hundred day simple moving average is $11.34.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KELYA. Zacks Research upgraded Kelly Services from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wall Street Zen lowered Kelly Services from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Barrington Research decreased their price objective on Kelly Services from $25.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kelly Services in a research report on Thursday, January 22nd. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.00.

Institutional Trading of Kelly Services

Institutional investors have recently made changes to their positions in the business. Quarry LP raised its stake in Kelly Services by 173.2% during the 3rd quarter. Quarry LP now owns 1,970 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 1,249 shares during the period. Tower Research Capital LLC TRC grew its holdings in Kelly Services by 83.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider’s stock valued at $51,000 after buying an additional 1,967 shares in the last quarter. State of Wyoming bought a new stake in shares of Kelly Services during the second quarter valued at approximately $116,000. Focus Partners Wealth purchased a new position in shares of Kelly Services in the third quarter worth $137,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Kelly Services by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 11,949 shares of the business services provider’s stock worth $140,000 after acquiring an additional 905 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Kelly Services Company Profile

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.