Kelly Services (NASDAQ:KELYA – Get Free Report) is anticipated to post its results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $0.1850 per share and revenue of $1.0093 billion for the quarter.
Kelly Services (NASDAQ:KELYA – Get Free Report) last posted its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. On average, analysts expect Kelly Services to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Kelly Services Price Performance
Shares of NASDAQ:KELYA opened at $15.23 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market cap of $528.02 million, a PE ratio of -2.00, a price-to-earnings-growth ratio of 1.14 and a beta of 0.83. Kelly Services has a one year low of $7.98 and a one year high of $16.50. The business’s fifty day moving average price is $13.14 and its two-hundred day moving average price is $10.83.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on KELYA
Insiders Place Their Bets
In related news, EVP Vanessa Peterson Williams sold 29,999 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $9.78, for a total value of $293,390.22. Following the completion of the transaction, the executive vice president owned 82,355 shares in the company, valued at $805,431.90. This represents a 26.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 5.40% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP raised its holdings in Kelly Services by 173.2% during the third quarter. Quarry LP now owns 1,970 shares of the business services provider’s stock worth $26,000 after purchasing an additional 1,249 shares in the last quarter. CANADA LIFE ASSURANCE Co bought a new position in Kelly Services during the 4th quarter valued at $30,000. Meeder Asset Management Inc. acquired a new position in shares of Kelly Services during the 4th quarter valued at $42,000. Tower Research Capital LLC TRC increased its position in shares of 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 purchasing an additional 1,967 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in shares of Kelly Services by 14.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 10,706 shares of the business services provider’s stock worth $94,000 after buying an additional 1,369 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors.
About Kelly Services
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.
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