Noble Financial Forecasts Lower Earnings for Kelly Services

Kelly Services, Inc. (NASDAQ:KELYA) – Equities researchers at Noble Financial lowered their FY2026 earnings per share (EPS) estimates for shares of Kelly Services in a research report issued on Monday, November 9th. Noble Financial analyst J. Gomes now anticipates that the business services provider will earn $1.08 per share for the year, down from their prior forecast of $1.21. The consensus estimate for Kelly Services’ current full-year earnings is $1.04 per share. Noble Financial also issued estimates for Kelly Services’ FY2027 earnings at $1.72 EPS.

A number of other equities research analysts have also recently commented on KELYA. Barrington Research raised their target price on Kelly Services from $15.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Wall Street Zen raised shares of Kelly Services from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Finally, Weiss Ratings upgraded shares of Kelly Services from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, November 4th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Kelly Services currently has a consensus rating of “Hold” and an average price target of $20.00.

Kelly Services Stock Up 3.1%

Shares of KELYA opened at $14.04 on Wednesday. The company has a market capitalization of $487.61 million, a price-to-earnings ratio of -3.90, a PEG ratio of 1.01 and a beta of 0.93. Kelly Services has a 52 week low of $7.98 and a 52 week high of $17.75. The stock’s 50-day moving average price is $16.02 and its 200-day moving average price is $12.68. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.12.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, November 5th. The business services provider reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $927.20 million for the quarter, compared to analyst estimates of $925.87 million. Kelly Services had a positive return on equity of 2.36% and a negative net margin of 3.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its position in Kelly Services by 165.4% during the third quarter. Signaturefd LLC now owns 1,754 shares of the business services provider’s stock worth $28,000 after buying an additional 1,093 shares in the last quarter. USA Financial Formulas purchased a new stake in Kelly Services in the 3rd quarter valued at $41,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Kelly Services in the 2nd quarter worth $45,000. GAMMA Investing LLC increased its stake in shares of Kelly Services by 19.9% in the 2nd quarter. GAMMA Investing LLC now owns 6,153 shares of the business services provider’s stock worth $76,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Kelly Services by 47.0% in the 2nd quarter. Versant Capital Management Inc now owns 7,351 shares of the business services provider’s stock worth $90,000 after acquiring an additional 2,351 shares during the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be paid a $0.0750 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 18th. Kelly Services’s dividend payout ratio (DPR) is currently -8.33%.

Kelly Services Company Profile

Kelly Services is a workforce solutions and staffing company that connects employers with workers across a range of professional and industrial fields. Its services include temporary and contract staffing, direct-hire recruitment, workforce management and related consulting and outsourcing solutions. The company serves organizations in areas such as science and engineering, education, technology, finance, and office and industrial operations. Its offerings are designed to help employers recruit talent and manage workforce needs, while providing job seekers with access to temporary, contract and permanent opportunities.