Noble Financial Predicts Lower Earnings for Kelly Services

Kelly Services, Inc. (NASDAQ:KELYA - Free Report) - Noble Financial dropped their FY2025 earnings estimates for shares of Kelly Services in a report released on Monday, May 12th. Noble Financial analyst J. Gomes now expects that the business services provider will post earnings per share of $2.24 for the year, down from their prior estimate of $2.63. The consensus estimate for Kelly Services' current full-year earnings is $2.45 per share.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.14). Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion.

Several other research analysts have also weighed in on the stock. Barrington Research restated an "outperform" rating and set a $25.00 price objective on shares of Kelly Services in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Kelly Services from a "hold" rating to a "buy" rating in a research report on Monday, May 12th.

Kelly Services Price Performance

NASDAQ:KELYA remained flat at $12.46 on Wednesday. 58,452 shares of the company's stock traded hands, compared to its average volume of 344,726. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. The business has a 50 day simple moving average of $12.22 and a 200-day simple moving average of $13.58. The stock has a market capitalization of $434.70 million, a P/E ratio of -207.72, a P/E/G ratio of 0.43 and a beta of 0.96. Kelly Services has a 52-week low of $10.80 and a 52-week high of $23.81.

Kelly Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, May 19th. Kelly Services's payout ratio is -50.00%.

Institutional Investors Weigh In On Kelly Services

Several hedge funds and other institutional investors have recently bought and sold shares of KELYA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kelly Services by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,786 shares of the business services provider's stock worth $248,000 after purchasing an additional 760 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Kelly Services by 8.1% in the first quarter. US Bancorp DE now owns 11,074 shares of the business services provider's stock worth $146,000 after buying an additional 833 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Kelly Services by 7.5% in the first quarter. Blair William & Co. IL now owns 12,842 shares of the business services provider's stock worth $169,000 after purchasing an additional 898 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Kelly Services by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider's stock worth $521,000 after purchasing an additional 945 shares during the last quarter. Finally, Palouse Capital Management Inc. increased its stake in Kelly Services by 13.1% in the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock valued at $114,000 after acquiring an additional 950 shares during the last quarter. 76.34% of the stock is owned by institutional investors.

Kelly Services Company Profile

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.