Kelly Services, Inc. (NASDAQ:KELYA) to Post Q4 2024 Earnings of $0.62 Per Share, Sidoti Csr Forecasts

Kelly Services, Inc. (NASDAQ:KELYA) – Investment analysts at Sidoti Csr upped their Q4 2024 earnings per share (EPS) estimates for Kelly Services in a research note issued to investors on Thursday, June 20th. Sidoti Csr analyst M. Riddick now forecasts that the business services provider will post earnings per share of $0.62 for the quarter, up from their prior estimate of $0.49. The consensus estimate for Kelly Services’ current full-year earnings is $1.87 per share. Sidoti Csr also issued estimates for Kelly Services’ Q1 2025 earnings at $0.56 EPS, Q2 2025 earnings at $0.60 EPS, Q3 2025 earnings at $0.39 EPS and Q4 2025 earnings at $0.84 EPS.

Separately, Barrington Research reiterated an “outperform” rating and issued a $29.00 price objective on shares of Kelly Services in a report on Tuesday, May 28th.

Kelly Services Stock Up 1.7 %

KELYA stock opened at $21.97 on Friday. The business has a fifty day moving average of $22.52 and a 200-day moving average of $22.45. The company has a market cap of $780.37 million, a P/E ratio of 15.81, a PEG ratio of 0.89 and a beta of 1.24. Kelly Services has a twelve month low of $16.62 and a twelve month high of $25.27.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Kelly Services had a net margin of 1.11% and a return on equity of 6.87%.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were paid a $0.075 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.30 annualized dividend and a yield of 1.37%. Kelly Services’s payout ratio is currently 21.58%.

Institutional Trading of Kelly Services

Several institutional investors and hedge funds have recently bought and sold shares of KELYA. Dimensional Fund Advisors LP lifted its stake in Kelly Services by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,694,094 shares of the business services provider’s stock valued at $58,247,000 after acquiring an additional 22,006 shares during the last quarter. Invesco Ltd. grew its holdings in Kelly Services by 3.6% during the third quarter. Invesco Ltd. now owns 1,491,736 shares of the business services provider’s stock worth $27,135,000 after purchasing an additional 51,283 shares during the period. Boston Partners acquired a new position in Kelly Services during the first quarter worth approximately $18,618,000. LSV Asset Management raised its stake in Kelly Services by 3.4% in the first quarter. LSV Asset Management now owns 585,429 shares of the business services provider’s stock valued at $14,659,000 after buying an additional 19,100 shares during the period. Finally, Comerica Bank acquired a new stake in shares of Kelly Services in the third quarter valued at approximately $10,485,000. Institutional investors own 76.34% of the company’s stock.

About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.