Analysts predict that Kelly Services, Inc. (NASDAQ:KELYA) will post $0.88 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Kelly Services’ earnings. Kelly Services posted earnings per share of $0.80 in the same quarter last year, which would indicate a positive year over year growth rate of 10%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Kelly Services will report full-year earnings of $2.30 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $2.41 per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover Kelly Services.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Wednesday, November 7th. The business services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.18. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. Kelly Services had a net margin of 1.17% and a return on equity of 7.45%. Kelly Services’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 earnings per share.

Several research firms have commented on KELYA. BidaskClub cut shares of Kelly Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 17th. ValuEngine cut shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. Finally, Sidoti began coverage on shares of Kelly Services in a research report on Friday, August 24th. They issued a “buy” rating and a $37.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $34.50.

Several large investors have recently modified their holdings of KELYA. Sei Investments Co. lifted its position in Kelly Services by 384.8% in the 2nd quarter. Sei Investments Co. now owns 5,759 shares of the business services provider’s stock worth $129,000 after buying an additional 4,571 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Kelly Services during the 2nd quarter worth $161,000. Itau Unibanco Holding S.A. acquired a new position in shares of Kelly Services during the 2nd quarter worth $186,000. Paloma Partners Management Co acquired a new position in shares of Kelly Services during the 2nd quarter worth $219,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Kelly Services during the 3rd quarter worth $222,000. Institutional investors and hedge funds own 66.40% of the company’s stock.

KELYA traded down $1.33 on Friday, hitting $20.87. 288,354 shares of the company’s stock were exchanged, compared to its average volume of 95,092. The firm has a market cap of $890.81 million, a price-to-earnings ratio of 9.49 and a beta of 0.74. Kelly Services has a twelve month low of $20.78 and a twelve month high of $32.31.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Wednesday, November 21st will be given a $0.075 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $0.30 annualized dividend and a dividend yield of 1.44%. Kelly Services’s dividend payout ratio (DPR) is presently 13.64%.

About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions (GTS), and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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