Kelly Services (KELYA) Expected to Announce Earnings on Thursday

Kelly Services (NASDAQ:KELYA) is projected to release its earnings data before the market opens on Thursday, February 13th. Analysts expect Kelly Services to post earnings of $0.65 per share and revenue of $1.15 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Kelly Services Price Performance

KELYA opened at $13.44 on Wednesday. Kelly Services has a 52 week low of $12.68 and a 52 week high of $25.27. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $13.83 and a two-hundred day moving average price of $17.53. The company has a market cap of $478.60 million, a PE ratio of 11.69, a P/E/G ratio of 0.40 and a beta of 1.11.

Insider Buying and Selling

In related news, SVP Daniel H. Malan acquired 3,500 shares of Kelly Services stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $13.88 per share, for a total transaction of $48,580.00. Following the completion of the purchase, the senior vice president now directly owns 95,906 shares of the company’s stock, valued at approximately $1,331,175.28. This trade represents a 3.79 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Barrington Research cut their price objective on shares of Kelly Services from $29.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, November 18th.

About Kelly Services

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 permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.