Kelly Services (KELYA) Set to Announce Quarterly Earnings on Thursday

Kelly Services (NASDAQ:KELYA) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.15. Kelly Services had a return on equity of 7.82% and a net margin of 1.09%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company posted $0.36 EPS. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. On average, analysts expect Kelly Services to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kelly Services Trading Up 0.9 %

Shares of Kelly Services stock opened at $20.45 on Wednesday. Kelly Services has a fifty-two week low of $18.36 and a fifty-two week high of $25.27. The firm has a market cap of $727.41 million, a PE ratio of 15.61, a P/E/G ratio of 0.62 and a beta of 1.20. The business’s fifty day moving average is $20.58 and its two-hundred day moving average is $21.43. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Analysts Set New Price Targets

Several brokerages recently weighed in on KELYA. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 target price on shares of Kelly Services in a research report on Friday, September 27th. StockNews.com lowered Kelly Services from a “buy” rating to a “hold” rating in a research report on Friday, August 9th.

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.