Kelly Services (KELYA) to Release Earnings on Thursday

Kelly Services (NASDAQ:KELYA) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Kelly Services to post earnings of $0.65 per share and revenue of $1.15 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted $0.50 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. On average, analysts expect Kelly Services to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kelly Services Price Performance

Shares of Kelly Services stock opened at $13.60 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The firm has a market cap of $484.30 million, a PE ratio of 11.83, a P/E/G ratio of 0.42 and a beta of 1.11. The business has a 50-day moving average price of $13.94 and a 200 day moving average price of $17.83. Kelly Services has a twelve month low of $12.68 and a twelve month high of $25.27.

Analyst Upgrades and Downgrades

Separately, Barrington Research lowered their price target on Kelly Services from $29.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 18th.

Insiders Place Their Bets

In other Kelly Services news, SVP Daniel H. Malan purchased 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of $13.88 per share, with a total value of $48,580.00. Following the transaction, the senior vice president now owns 95,906 shares in the company, valued at approximately $1,331,175.28. This trade represents a 3.79 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.90% of the stock is currently owned by company insiders.

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.