Shares of Kelly Services, Inc. (NASDAQ:KELYA) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also given Kelly Services an industry rank of 30 out of 265 based on the ratings given to its competitors.
Several equities analysts have commented on KELYA shares. BidaskClub raised shares of Kelly Services from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Zacks Investment Research downgraded shares of Kelly Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, ValuEngine raised shares of Kelly Services from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st.
Shares of Kelly Services (NASDAQ KELYA) traded down $0.11 during trading hours on Wednesday, hitting $30.47. The company had a trading volume of 89,854 shares, compared to its average volume of 162,966. Kelly Services has a twelve month low of $20.27 and a twelve month high of $30.93. The stock has a market capitalization of $1,175.13, a price-to-earnings ratio of 16.83 and a beta of 1.03.
Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. Kelly Services had a return on equity of 7.92% and a net margin of 1.33%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company earned $0.55 earnings per share. Kelly Services’s quarterly revenue was up 9.0% compared to the same quarter last year. equities analysts anticipate that Kelly Services will post 2.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, February 23rd. Kelly Services’s payout ratio is 16.57%.
A number of institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC acquired a new position in Kelly Services during the fourth quarter worth $408,000. Teachers Advisors LLC grew its position in shares of Kelly Services by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 56,983 shares of the business services provider’s stock valued at $1,554,000 after purchasing an additional 2,503 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Kelly Services by 71.2% in the fourth quarter. Two Sigma Investments LP now owns 94,685 shares of the business services provider’s stock valued at $2,582,000 after purchasing an additional 39,383 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Kelly Services by 7.7% in the fourth quarter. Two Sigma Advisers LP now owns 117,390 shares of the business services provider’s stock valued at $3,201,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Kelly Services by 17.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 230,132 shares of the business services provider’s stock valued at $6,276,000 after purchasing an additional 34,196 shares during the last quarter. 68.09% of the stock is currently owned by hedge funds and other institutional investors.
Kelly Services Company Profile
Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).
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