Wall Street analysts expect Kelly Services, Inc. (NASDAQ:KELYA) to report earnings per share (EPS) of $0.88 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Kelly Services’ earnings. Kelly Services posted earnings per share of $0.80 in the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The company is expected to issue its next earnings report on Thursday, February 7th.
On average, analysts expect that Kelly Services will report full year earnings of $2.30 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will report earnings of $2.41 per share. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Kelly Services.
Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Wednesday, November 7th. The business services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.18. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Kelly Services had a return on equity of 7.48% and a net margin of 1.17%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS.
A number of hedge funds have recently modified their holdings of KELYA. UBS Group AG grew its holdings in Kelly Services by 166.8% in the 1st quarter. UBS Group AG now owns 14,326 shares of the business services provider’s stock worth $416,000 after buying an additional 8,957 shares in the last quarter. Legal & General Group Plc grew its holdings in Kelly Services by 53.3% in the 1st quarter. Legal & General Group Plc now owns 90,848 shares of the business services provider’s stock worth $2,633,000 after buying an additional 31,583 shares in the last quarter. WINTON GROUP Ltd bought a new position in Kelly Services in the 1st quarter worth approximately $324,000. Principal Financial Group Inc. grew its holdings in Kelly Services by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 234,517 shares of the business services provider’s stock worth $6,810,000 after buying an additional 5,228 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Kelly Services by 47.1% in the 1st quarter. Allianz Asset Management GmbH now owns 311,262 shares of the business services provider’s stock worth $9,039,000 after buying an additional 99,698 shares in the last quarter. 66.21% of the stock is owned by institutional investors and hedge funds.
Shares of Kelly Services stock opened at $23.24 on Wednesday. The company has a market cap of $932.44 million, a PE ratio of 10.56 and a beta of 0.79. Kelly Services has a twelve month low of $21.44 and a twelve month high of $32.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Wednesday, November 21st will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, November 20th. Kelly Services’s dividend payout ratio (DPR) is 13.64%.
Kelly Services Company Profile
Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions (GTS), and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.
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