Wall Street brokerages expect that Kelly Services, Inc. (NASDAQ:KELYA) will announce earnings of $0.42 per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Kelly Services’ earnings. Kelly Services reported earnings of $0.35 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The company is scheduled to report its next earnings results on Thursday, May 10th.
On average, analysts expect that Kelly Services will report full-year earnings of $2.35 per share for the current financial year. For the next year, analysts expect that the business will post earnings of $2.70 per share. Zacks’ EPS calculations are an average based on a survey of analysts that follow Kelly Services.
Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.18. Kelly Services had a net margin of 1.33% and a return on equity of 7.92%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis.
Shares of Kelly Services (KELYA) opened at $29.27 on Thursday. Kelly Services has a one year low of $20.27 and a one year high of $30.93. The firm has a market cap of $1,098.57, a P/E ratio of 16.17 and a beta of 1.12.
In related news, Director Leslie A. Murphy sold 7,500 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $28.69, for a total transaction of $215,175.00. Following the completion of the transaction, the director now owns 22,695 shares of the company’s stock, valued at approximately $651,119.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jane E. Dutton sold 6,900 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $29.05, for a total transaction of $200,445.00. Following 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. Company insiders own 13.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in Kelly Services during the 4th quarter worth approximately $210,000. Macquarie Group Ltd. acquired a new stake in Kelly Services during the 3rd quarter worth approximately $218,000. UBS Asset Management Americas Inc. acquired a new stake in Kelly Services during the 4th quarter worth approximately $240,000. SG Americas Securities LLC lifted its holdings in Kelly Services by 78.9% during the 3rd quarter. SG Americas Securities LLC now owns 9,288 shares of the business services provider’s stock worth $233,000 after buying an additional 4,097 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Kelly Services during the 4th quarter worth approximately $303,000. Institutional investors own 66.01% of the company’s stock.
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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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