FY2025 EPS Estimates for Kelly Services Lowered by Analyst

Kelly Services, Inc. (NASDAQ:KELYA - Free Report) - Equities researchers at Noble Financial decreased their FY2025 earnings per share (EPS) estimates for Kelly Services in a research note issued to investors on Monday, May 12th. Noble Financial analyst J. Gomes now anticipates that the business services provider will post earnings of $2.24 per share for the year, down from their previous forecast 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 issued its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.39 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion.

Other equities research analysts also recently issued reports about the company. Barrington Research reiterated an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a report on Tuesday, February 18th. StockNews.com raised Kelly Services from a "hold" rating to a "buy" rating in a research report on Monday.

Kelly Services Stock Up 0.2%

Shares of NASDAQ:KELYA opened at $12.38 on Wednesday. Kelly Services has a 1 year low of $10.80 and a 1 year high of $23.81. The business has a 50 day simple moving average of $12.28 and a two-hundred day simple moving average of $13.78. The firm has a market capitalization of $431.91 million, a PE ratio of -206.30, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65.

Institutional Trading of Kelly Services

Several institutional investors and hedge funds have recently modified their holdings of KELYA. Exchange Traded Concepts LLC increased its stake in shares of Kelly Services by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider's stock valued at $521,000 after buying an additional 945 shares during the period. KBC Group NV grew its holdings in Kelly Services by 109.1% during the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock worth $54,000 after acquiring an additional 2,028 shares in the last quarter. ARGA Investment Management LP grew its holdings in Kelly Services by 28.6% during the 4th quarter. ARGA Investment Management LP now owns 97,482 shares of the business services provider's stock worth $1,359,000 after acquiring an additional 21,672 shares in the last quarter. Empowered Funds LLC increased its position in Kelly Services by 5.1% during the 4th quarter. Empowered Funds LLC now owns 206,267 shares of the business services provider's stock valued at $2,875,000 after purchasing an additional 9,984 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Kelly Services in the 4th quarter valued at about $153,000. Institutional investors own 76.34% of the company's stock.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be issued a dividend of $0.075 per share. The ex-dividend date is Monday, May 19th. This represents a $0.30 dividend on an annualized basis and a yield of 2.42%. Kelly Services's payout ratio is -50.00%.

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.

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