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

Kelly Services (NASDAQ:KELYA) will be announcing 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 announced its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.15. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Kelly Services had a return on equity of 7.82% and a net margin of 1.09%. The firm’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. 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 Stock Up 0.9 %

Shares of Kelly Services stock opened at $20.45 on Wednesday. The business has a 50-day moving average of $20.58 and a 200-day moving average of $21.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $727.41 million, a PE ratio of 15.61, a P/E/G ratio of 0.62 and a beta of 1.20. Kelly Services has a 1-year low of $18.36 and a 1-year high of $25.27.

Wall Street Analyst Weigh In

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

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.