Kelly Services (KELYA) Projected to Announce Earnings on Thursday

Key Points

• Kelly Services is expected to report earnings before the market opens Thursday, November 5. Analysts anticipate $0.07 in earnings per share and $925.87 million in revenue.
• In its previous quarter, the staffing company reported $0.37 EPS, beating estimates by $0.19, while revenue of $1.04 billion also exceeded consensus expectations.
• KELYA shares opened at $16.47, near their 52-week high of $17.75. Analysts have a consensus “Hold” rating and an average price target of $20.00; the company also pays a $0.30 annualized dividend, yielding about 1.8%.

Kelly Services (NASDAQ:KELYA - Get Free Report) is expected to release its results before the market opens on Thursday, November 5th. Analysts expect Kelly Services to announce earnings of $0.07 per share and revenue of $925.87 million for the quarter.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.19. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company earned $0.52 EPS. On average, analysts expect Kelly Services to post $1.10 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.

Kelly Services Trading Up 0.1%

KELYA stock opened at $16.47 on Thursday. The firm has a fifty day moving average price of $16.31 and a 200 day moving average price of $12.43. Kelly Services has a fifty-two week low of $7.98 and a fifty-two week high of $17.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $572.04 million, a PE ratio of -2.11, a price-to-earnings-growth ratio of 1.17 and a beta of 0.88.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a dividend of $0.0750 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.8%. Kelly Services's dividend payout ratio is presently -3.84%.

Analyst Ratings Changes

Several equities analysts have commented on KELYA shares. Weiss Ratings upgraded shares of Kelly Services from a "sell (d-)" rating to a "sell (d)" rating in a research report on Friday, August 21st. Barrington Research lifted their price objective on shares of Kelly Services from $15.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Kelly Services from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $20.00.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting, and talent-management services to employers. The company helps organizations address temporary, contract, direct-hire, and outsourced workforce needs across a range of industries and skill levels.

Its offerings include professional and industrial staffing, office and administrative support, science and engineering talent, education staffing, contact-center solutions, and workforce outsourcing and consulting.

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