Kelly Services (KELYA) Projected to Post Quarterly Earnings on Thursday

Kelly Services (NASDAQ:KELYA) is expected to be announcing its results before the market opens on Thursday, November 5th. Analysts expect Kelly Services to announce earnings of $0.07 per share and revenue of $925.87 million for the quarter.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.18 by $0.19. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm posted $0.52 earnings per share. On average, analysts expect Kelly Services to post $1.10 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.

Kelly Services Stock Performance

Shares of KELYA stock opened at $16.36 on Wednesday. The company has a market capitalization of $568.18 million, a price-to-earnings ratio of 22.76, a P/E/G ratio of 1.18 and a beta of 0.93. Kelly Services has a 1-year low of $7.98 and a 1-year high of $17.75. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $16.29 and its 200-day simple moving average is $12.57.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Kelly Services from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Wall Street Zen raised shares of Kelly Services from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Barrington Research upped their price objective on shares of Kelly Services from $15.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.00.

About Kelly Services

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting, and talent-management services to employers. The company helps organizations address temporary, contract, direct-hire, and outsourced workforce needs across a range of industries and skill levels.

Its offerings include professional and industrial staffing, office and administrative support, science and engineering talent, education staffing, contact-center solutions, and workforce outsourcing and consulting.