Sidoti Csr Weighs in on Kelly Services, Inc.’s Q3 2024 Earnings (NASDAQ:KELYA)

Kelly Services, Inc. (NASDAQ:KELYA) – Analysts at Sidoti Csr boosted their Q3 2024 earnings per share estimates for Kelly Services in a research report issued on Thursday, June 20th. Sidoti Csr analyst M. Riddick now expects that the business services provider will post earnings of $0.29 per share for the quarter, up from their previous forecast of $0.15. The consensus estimate for Kelly Services’ current full-year earnings is $1.87 per share. Sidoti Csr also issued estimates for Kelly Services’ FY2024 earnings at $1.95 EPS and FY2025 earnings at $2.39 EPS.

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

Kelly Services Stock Up 0.2 %

Kelly Services stock opened at $22.01 on Monday. Kelly Services has a 52-week low of $16.71 and a 52-week high of $25.27. The company has a market cap of $781.84 million, a price-to-earnings ratio of 15.83, a PEG ratio of 0.89 and a beta of 1.24. The firm’s fifty day moving average is $22.50 and its 200 day moving average is $22.47.

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

Kelly Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Monday, May 20th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.30 annualized dividend and a dividend yield of 1.36%. Kelly Services’s dividend payout ratio is currently 21.58%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KELYA. Invesco Ltd. boosted its position in Kelly Services by 3.6% during 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 in the last quarter. Hsbc Holdings PLC grew its stake in Kelly Services by 24.7% in the third quarter. Hsbc Holdings PLC now owns 37,652 shares of the business services provider’s stock valued at $684,000 after purchasing an additional 7,458 shares during the last quarter. Brandywine Global Investment Management LLC grew its stake in Kelly Services by 5.0% in the third 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. Trexquant Investment LP raised its holdings in Kelly Services by 21.2% in 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 in the last quarter. Finally, Caxton Associates LP lifted its position in shares of Kelly Services by 38.2% during the third quarter. Caxton Associates LP now owns 23,731 shares of the business services provider’s stock valued at $432,000 after buying an additional 6,554 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Kelly Services Company Profile

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.