Kelly Services, Inc. (KELYA) Expected to Announce Earnings of $0.42 Per Share

Brokerages expect Kelly Services, Inc. (NASDAQ:KELYA) to report earnings per share (EPS) of $0.42 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Kelly Services’ earnings. Kelly Services reported earnings of $0.35 per share in the same quarter last year, which would indicate a positive year over year growth rate of 20%. The company is expected to issue its next quarterly earnings report on Thursday, May 10th.

According to Zacks, analysts expect that Kelly Services will report full year earnings of $2.35 per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of $2.70 per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Kelly Services.

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Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.18. Kelly Services had a net margin of 1.33% and a return on equity of 7.92%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm earned $0.55 EPS. Kelly Services’s quarterly revenue was up 9.0% compared to the same quarter last year.

Several analysts have commented on KELYA shares. ValuEngine upgraded shares of Kelly Services from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of Kelly Services from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, February 7th. Finally, BidaskClub upgraded shares of Kelly Services from a “sell” rating to a “hold” rating in a report on Saturday, January 20th.

Hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new stake in shares of Kelly Services in the fourth quarter valued at approximately $408,000. Teachers Advisors LLC raised its holdings in shares of Kelly Services by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 56,983 shares of the business services provider’s stock valued at $1,554,000 after purchasing an additional 2,503 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Kelly Services by 71.2% in the fourth quarter. Two Sigma Investments LP now owns 94,685 shares of the business services provider’s stock valued at $2,582,000 after purchasing an additional 39,383 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Kelly Services by 7.7% in the fourth quarter. Two Sigma Advisers LP now owns 117,390 shares of the business services provider’s stock valued at $3,201,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Kelly Services by 17.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 230,132 shares of the business services provider’s stock valued at $6,276,000 after purchasing an additional 34,196 shares during the last quarter. Hedge funds and other institutional investors own 68.09% of the company’s stock.

Kelly Services (NASDAQ:KELYA) traded down $0.20 during trading on Tuesday, reaching $30.27. 85,333 shares of the company traded hands, compared to its average volume of 161,528. Kelly Services has a twelve month low of $20.27 and a twelve month high of $30.93. The company has a market cap of $1,175.13, a price-to-earnings ratio of 16.72 and a beta of 1.03.

The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were issued a dividend of $0.075 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.30 annualized dividend and a yield of 0.99%. Kelly Services’s dividend payout ratio (DPR) is currently 16.57%.

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About Kelly Services

Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).

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