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

Kelly Services, Inc. (NASDAQ:KELYA) – Equities research analysts at Sidoti Csr boosted their Q4 2024 earnings per share (EPS) estimates for shares of Kelly Services in a research report issued 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.

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

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

Kelly Services Trading Up 1.7 %

Kelly Services stock opened at $21.97 on Friday. The company has a fifty day simple moving average of $22.52 and a 200 day simple moving average of $22.44. Kelly Services has a 1-year low of $16.62 and a 1-year high of $25.27. The company has a market cap of $780.37 million, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 0.87 and a beta of 1.24.

Institutional Trading of Kelly Services

A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in Kelly Services by 88.4% during the third quarter. Barclays PLC now owns 47,086 shares of the business services provider’s stock worth $855,000 after buying an additional 22,092 shares during the last quarter. Invesco Ltd. raised its stake in Kelly Services by 3.6% in the 3rd quarter. Invesco Ltd. now owns 1,491,736 shares of the business services provider’s stock valued at $27,135,000 after acquiring an additional 51,283 shares during the period. Hsbc Holdings PLC raised its stake in Kelly Services by 24.7% in the 3rd quarter. Hsbc Holdings PLC now owns 37,652 shares of the business services provider’s stock valued at $684,000 after acquiring an additional 7,458 shares during the period. Brandywine Global Investment Management LLC lifted its holdings in Kelly Services by 5.0% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 107,566 shares of the business services provider’s stock valued at $1,957,000 after purchasing an additional 5,147 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in Kelly Services by 21.2% during the third quarter. Trexquant Investment LP now owns 40,176 shares of the business services provider’s stock worth $731,000 after purchasing an additional 7,037 shares during the period. Institutional investors and hedge funds own 76.34% of the company’s stock.

Kelly Services Announces Dividend

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

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.