Wall Street brokerages predict that Kelly Services, Inc. Class A (NASDAQ:KELYA) will report $0.35 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Kelly Services, Inc. Class A’s earnings. Kelly Services, Inc. Class A reported earnings per share of $0.58 during the same quarter last year, which suggests a negative year-over-year growth rate of 39.7%. The business is expected to issue its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that Kelly Services, Inc. Class A will report full year earnings of $2.10 per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of $2.50 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow Kelly Services, Inc. Class A.

Kelly Services, Inc. Class A (NASDAQ:KELYA) last issued its earnings results on Wednesday, August 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.11. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.41 billion. Kelly Services, Inc. Class A had a net margin of 0.99% and a return on equity of 7.62%. Kelly Services, Inc. Class A’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share.

KELYA has been the topic of several research analyst reports. ValuEngine raised shares of Kelly Services, Inc. Class A from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. BidaskClub lowered shares of Kelly Services, Inc. Class A from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Sidoti initiated coverage on shares of Kelly Services, Inc. Class A in a research note on Friday, August 24th. They set a “buy” rating and a $37.00 target price on the stock. Northcoast Research raised shares of Kelly Services, Inc. Class A from a “neutral” rating to a “buy” rating in a research note on Friday, June 1st. Finally, Zacks Investment Research raised shares of Kelly Services, Inc. Class A from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Kelly Services, Inc. Class A has an average rating of “Hold” and an average target price of $34.50.

NASDAQ KELYA traded up $0.09 on Wednesday, hitting $23.80. 1,137 shares of the company were exchanged, compared to its average volume of 119,088. The firm has a market cap of $939.03 million, a PE ratio of 10.82 and a beta of 0.89. Kelly Services, Inc. Class A has a 12 month low of $21.44 and a 12 month high of $32.31.

The business also recently announced a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Tuesday, August 21st were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.26%. The ex-dividend date was Monday, August 20th. Kelly Services, Inc. Class A’s dividend payout ratio is presently 13.64%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KELYA. Federated Investors Inc. PA raised its holdings in Kelly Services, Inc. Class A by 2,180.0% during the first quarter. Federated Investors Inc. PA now owns 3,534 shares of the business services provider’s stock worth $103,000 after buying an additional 3,379 shares during the last quarter. Sei Investments Co. raised its holdings in Kelly Services, Inc. Class A by 384.8% during the second 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 during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Kelly Services, Inc. Class A during the second quarter worth $161,000. Itau Unibanco Holding S.A. acquired a new position in Kelly Services, Inc. Class A during the second quarter worth $186,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Kelly Services, Inc. Class A in the second quarter valued at about $219,000. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Kelly Services, Inc. Class A Company Profile

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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