Kelly Services, Inc. (KELYA) Releases Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Kelly Services, Inc. (NASDAQ:KELYA) issued its quarterly earnings data on Wednesday. The business services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.27, Bloomberg Earnings reports. Kelly Services had a net margin of 2.58% and a return on equity of 6.88%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Kelly Services’s revenue for the quarter was up 6.5% on a year-over-year basis.

Shares of Kelly Services (KELYA) traded up $1.96 during mid-day trading on Wednesday, reaching $28.20. 244,363 shares of the company’s stock were exchanged, compared to its average volume of 112,723. Kelly Services has a twelve month low of $18.06 and a twelve month high of $28.37. The company has a market cap of $1,060.00, a P/E ratio of 14.60 and a beta of 1.06.

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KELYA has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. BidaskClub lowered shares of Kelly Services from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, ValuEngine upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a report on Friday, August 11th.

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).

Earnings History for Kelly Services (NASDAQ:KELYA)

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