FY2025 EPS Estimates for Kelly Services Decreased by Analyst

Key Points

• Noble Financial has decreased its FY2025 earnings estimates for Kelly Services from $2.24 to $2.20 per share, while the consensus estimate remains at $2.45 per share.
• The company recently reported quarterly earnings of $0.54 per share, matching analyst expectations, but its revenue of $1.10 billion fell short of the consensus estimate of $1.12 billion.
• Kelly Services announced a quarterly dividend of $0.075 per share, with a dividend yield of 2.2%, but has a significantly high dividend payout ratio of -150.00%.

Kelly Services, Inc. (NASDAQ:KELYA - Free Report) - Analysts at Noble Financial reduced their FY2025 earnings estimates for shares of Kelly Services in a note issued to investors on Monday, August 11th. Noble Financial analyst J. Gomes now expects that the business services provider will earn $2.20 per share for the year, down from their previous estimate of $2.24. The consensus estimate for Kelly Services' current full-year earnings is $2.45 per share.

KELYA has been the subject of several other reports. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 target price on shares of Kelly Services in a research report on Tuesday, May 20th. Wall Street Zen lowered Kelly Services from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.

Kelly Services Price Performance

KELYA opened at $13.85 on Tuesday. The stock has a fifty day moving average price of $12.29 and a 200 day moving average price of $12.54. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.06. Kelly Services has a 1 year low of $10.80 and a 1 year high of $22.44. The stock has a market cap of $483.23 million, a price-to-earnings ratio of -69.25, a PEG ratio of 0.52 and a beta of 0.99.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, August 20th. This represents a $0.30 annualized dividend and a dividend yield of 2.2%. Kelly Services's dividend payout ratio is presently -150.00%.

Hedge Funds Weigh In On Kelly Services

Institutional investors have recently modified their holdings of the company. Boston Partners grew its holdings in shares of Kelly Services by 9.2% in the first quarter. Boston Partners now owns 2,062,292 shares of the business services provider's stock valued at $26,622,000 after acquiring an additional 172,903 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Kelly Services by 8.5% in the 1st quarter. Millennium Management LLC now owns 1,188,264 shares of the business services provider's stock worth $15,649,000 after buying an additional 93,026 shares during the last quarter. Geode Capital Management LLC increased its holdings in Kelly Services by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 791,125 shares of the business services provider's stock worth $11,031,000 after buying an additional 9,464 shares during the last quarter. Nuveen LLC purchased a new position in Kelly Services in the first quarter valued at about $8,739,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Kelly Services by 26.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 650,134 shares of the business services provider's stock valued at $8,562,000 after acquiring an additional 136,392 shares during the last quarter. 76.34% of the stock is owned by institutional investors and hedge funds.

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.

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