Kelly Services (NASDAQ:KELYA) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Kelly Services (NASDAQ:KELYA) posted its quarterly earnings data on Thursday. The business services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.14, Bloomberg Earnings reports. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. Kelly Services had a return on equity of 7.66% and a net margin of 1.32%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 earnings per share.

NASDAQ:KELYA opened at $20.63 on Friday. The stock has a fifty day moving average price of $20.51 and a two-hundred day moving average price of $23.10. The stock has a market capitalization of $670.36 million, a price-to-earnings ratio of 11.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. Kelly Services has a 1 year low of $16.97 and a 1 year high of $28.91.

In other news, Director George S. Corona sold 59,405 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $21.83, for a total value of $1,296,811.15. Following the completion of the transaction, the director now owns 153,636 shares in the company, valued at $3,353,873.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director George S. Corona sold 20,078 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $22.09, for a total value of $443,523.02. Following the completion of the transaction, the director now owns 146,721 shares of the company’s stock, valued at approximately $3,241,066.89. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,184 shares of company stock valued at $1,954,843. Company insiders own 7.20% of the company’s stock.

Several equities research analysts have recently weighed in on KELYA shares. BidaskClub raised Kelly Services from a “strong sell” rating to a “sell” rating in a report on Friday. TheStreet cut Kelly Services from a “b” rating to a “c+” rating in a research note on Wednesday, November 6th. Zacks Investment Research upgraded Kelly Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, ValuEngine upgraded Kelly Services from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $29.50.

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, 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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Earnings History for Kelly Services (NASDAQ:KELYA)

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