$0.62 Earnings Per Share Expected for Kelly Services, Inc. (KELYA) This Quarter
Equities analysts expect Kelly Services, Inc. (NASDAQ:KELYA) to report $0.62 earnings per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Kelly Services’ earnings. Kelly Services posted earnings of $0.55 per share during the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The company is scheduled to report its next earnings report on Thursday, February 1st.
On average, analysts expect that Kelly Services will report full year earnings of $2.04 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $2.06 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Kelly Services.
Kelly Services (NASDAQ:KELYA) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.27. Kelly Services had a return on equity of 8.28% and a net margin of 1.65%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis.
Kelly Services (NASDAQ KELYA) traded down $0.40 during mid-day trading on Friday, hitting $27.62. The stock had a trading volume of 152,644 shares, compared to its average volume of 133,083. Kelly Services has a 52 week low of $20.27 and a 52 week high of $30.93. The company has a market capitalization of $1,090.89, a price-to-earnings ratio of 14.56 and a beta of 1.10.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.30 dividend on an annualized basis and a yield of 1.09%. Kelly Services’s dividend payout ratio (DPR) is currently 15.71%.
In other Kelly Services news, CEO George S. Corona sold 3,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $28.06, for a total value of $84,180.00. Following the sale, the chief executive officer now directly owns 193,473 shares in the company, valued at $5,428,852.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jane E. Dutton sold 6,900 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $29.05, for a total value of $200,445.00. Following the completion of the sale, the director now owns 24,180 shares in the company, valued at $702,429. The disclosure for this sale can be found here. Insiders have sold 17,400 shares of company stock worth $499,800 over the last quarter. 13.30% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of KELYA. SG Americas Securities LLC purchased a new position in shares of Kelly Services in the second quarter valued at $117,000. State of Alaska Department of Revenue grew its position in shares of Kelly Services by 77.4% in the second quarter. State of Alaska Department of Revenue now owns 5,731 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 2,501 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Kelly Services by 17.6% in the second quarter. Victory Capital Management Inc. now owns 8,484 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 1,271 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Kelly Services in the third quarter valued at $218,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Kelly Services by 49.1% in the second quarter. BNP Paribas Arbitrage SA now owns 12,079 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 3,976 shares in the last quarter. Hedge funds and other institutional investors own 66.11% of the company’s stock.
Kelly Services Company Profile
Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).
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