Kelly Services (KELYA) to Release Earnings on Thursday

Kelly Services (NASDAQ:KELYA) will likely be posting its results before the market opens on Thursday, August 6th. Analysts expect Kelly Services to post earnings of $0.1850 per share and revenue of $1.0093 billion for the quarter.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. On average, analysts expect Kelly Services to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kelly Services Price Performance

NASDAQ:KELYA traded down $0.06 on Tuesday, reaching $14.95. 14,142 shares of the company’s stock traded hands, compared to its average volume of 449,502. The stock has a 50-day simple moving average of $13.05 and a 200-day simple moving average of $10.80. Kelly Services has a 12 month low of $7.98 and a 12 month high of $16.50. The firm has a market cap of $518.32 million, a PE ratio of -1.97, a P/E/G ratio of 1.13 and a beta of 0.83. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

KELYA has been the topic of several recent analyst reports. Weiss Ratings cut shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Zacks Research upgraded shares of Kelly Services from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Barrington Research restated an “outperform” rating on shares of Kelly Services in a report on Monday, June 29th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.00.

Insider Activity at Kelly Services

In other news, EVP Vanessa Peterson Williams sold 29,999 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $9.78, for a total value of $293,390.22. Following the sale, the executive vice president directly owned 82,355 shares in the company, valued at approximately $805,431.90. This represents a 26.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.40% of the company’s stock.

Institutional Trading of Kelly Services

Institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Kelly Services by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,949 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 905 shares during the last quarter. Quarry LP raised its holdings in shares of Kelly Services by 173.2% during the third quarter. Quarry LP now owns 1,970 shares of the business services provider’s stock worth $26,000 after purchasing an additional 1,249 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Kelly Services by 14.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 10,706 shares of the business services provider’s stock worth $94,000 after purchasing an additional 1,369 shares during the last quarter. Man Group plc boosted its holdings in Kelly Services by 6.6% in the second quarter. Man Group plc now owns 24,780 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 1,532 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Kelly Services by 83.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 1,967 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors.

About Kelly Services

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.