Kelly Services (KELYB) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Kelly Services (NASDAQ:KELYB) posted its quarterly earnings data on Thursday. The business services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18, RTT News reports. Kelly Services had a net margin of 1.44% and a return on equity of 7.25%. The company had revenue of $1.42 billion during the quarter. During the same quarter last year, the business posted $0.55 EPS.

Kelly Services (NASDAQ:KELYB) traded down $1.50 during trading hours on Friday, hitting $27.00. 100 shares of the stock traded hands, compared to its average volume of 1,500. Kelly Services has a one year low of $20.18 and a one year high of $28.50. The company has a market cap of $1,037.47 and a price-to-earnings ratio of 13.85.

A hedge fund recently bought a new stake in Kelly Services stock. FNY Managed Accounts LLC acquired a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYB) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,872 shares of the business services provider’s stock, valued at approximately $181,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

Separately, ValuEngine lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Monday, December 11th.

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About Kelly Services

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).

Earnings History for Kelly Services (NASDAQ:KELYB)

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