Kelly Services (KELYA) Set to Announce Quarterly Earnings on Thursday

by · The Markets Daily

Kelly Services (NASDAQ:KELYA – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Kelly Services (NASDAQ:KELYA – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Kelly Services had a net margin of 1.09% and a return on equity of 7.82%. The firm’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. On average, analysts expect Kelly Services to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kelly Services Price Performance

KELYA stock traded up $0.22 during trading on Tuesday, reaching $20.48. 1,565 shares of the company were exchanged, compared to its average volume of 221,758. Kelly Services has a twelve month low of $18.36 and a twelve month high of $25.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $728.47 million, a price-to-earnings ratio of 15.47, a P/E/G ratio of 0.62 and a beta of 1.20. The company has a 50-day moving average of $20.59 and a two-hundred day moving average of $21.45.

Kelly Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, August 21st. Kelly Services’s payout ratio is 22.90%.

Analyst Ratings Changes

KELYA has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and issued a $29.00 target price on shares of Kelly Services in a research report on Friday, September 27th. StockNews.com lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Friday, August 9th.

Read Our Latest Report on Kelly Services

Kelly Services Company Profile

(Get Free Report)

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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