Kelly Services (KELYA) to Release Quarterly Earnings on Monday

Kelly Services (NASDAQ:KELYA) will post its quarterly earnings results before the market opens on Monday, May 6th. Analysts expect Kelly Services to post earnings of $0.30 per share for the quarter.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Wednesday, February 13th. The business services provider reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Kelly Services had a return on equity of 7.64% and a net margin of 0.42%. Kelly Services’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 EPS. On average, analysts expect Kelly Services to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of KELYA opened at $23.06 on Monday. The firm has a market capitalization of $896.39 million, a price-to-earnings ratio of 10.16 and a beta of 0.81. Kelly Services has a fifty-two week low of $19.21 and a fifty-two week high of $31.03.

KELYA has been the subject of a number of research analyst reports. TheStreet downgraded Kelly Services from a “b” rating to a “c+” rating in a report on Thursday, February 14th. Zacks Investment Research cut shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. BidaskClub raised shares of Kelly Services from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 7th. Finally, ValuEngine cut shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Kelly Services has a consensus rating of “Hold” and a consensus price target of $32.00.

In other Kelly Services news, insider Olivier Thirot sold 5,400 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $22.12, for a total value of $119,448.00. Following the completion of the transaction, the insider now directly owns 73,802 shares of the company’s stock, valued at approximately $1,632,500.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Teresa Carroll sold 6,959 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $24.13, for a total transaction of $167,920.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,487 shares of company stock valued at $411,008. 12.10% of the stock is owned by corporate insiders.

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About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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Earnings History for Kelly Services (NASDAQ:KELYA)

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