Kelly Services Inc. (KELYA) Hits New 12-Month High at $20.98
Kelly Services Inc. (NASDAQ:KELYA)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $20.98 and last traded at $20.77, with a volume of 16,897 shares. The stock had previously closed at $20.82.
Several equities research analysts have issued reports on KELYA shares. Northcoast Research lowered shares of Kelly Services from a “buy” rating to a “neutral” rating in a report on Thursday, April 21st. Zacks Investment Research downgraded shares of Kelly Services from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research note on Wednesday, April 20th.
The stock has a market cap of $791.89 million and a P/E ratio of 13.22. The company’s 50 day moving average is $19.64 and its 200 day moving average is $18.25.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Wednesday, May 11th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The company earned $1.30 billion during the quarter, compared to the consensus estimate of $1.35 billion. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. Analysts expect that Kelly Services Inc. will post $1.59 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in shares of Kelly Services by 47.7% in the fourth quarter. Nationwide Fund Advisors now owns 138,886 shares of the company’s stock worth $2,243,000 after buying an additional 44,863 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Kelly Services by 8.2% in the fourth quarter. First Trust Advisors LP now owns 151,872 shares of the company’s stock worth $2,453,000 after buying an additional 11,462 shares during the last quarter. Finally, Donald Smith & CO. Inc. raised its stake in shares of Kelly Services by 6.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 488,834 shares of the company’s stock worth $7,895,000 after buying an additional 28,208 shares during the last quarter.
Kelly Services, Inc is a workforce solutions provider. The Company provides workforce solutions in over three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). It operates in seven segments: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG).
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