Kelly Services FY2025 EPS Estimate Cut by Noble Financial

Kelly Services, Inc. (NASDAQ:KELYA) – Equities research analysts at Noble Financial lowered their FY2025 earnings per share estimates for Kelly Services in a research note issued to investors on Monday, May 12th. Noble Financial analyst J. Gomes now forecasts that the business services provider will earn $2.24 per share for the year, down from their prior estimate of $2.63. The consensus estimate for Kelly Services’ current full-year earnings is $2.45 per share.

A number of other analysts also recently commented on the company. StockNews.com upgraded Kelly Services from a “hold” rating to a “buy” rating in a research note on Monday. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Kelly Services in a research note on Tuesday, February 18th.

Kelly Services Price Performance

Shares of KELYA opened at $12.16 on Wednesday. The business’s 50-day moving average is $12.25 and its two-hundred day moving average is $13.77. The company has a market capitalization of $424.24 million, a P/E ratio of -202.63, a P/E/G ratio of 0.43 and a beta of 0.96. Kelly Services has a fifty-two week low of $10.80 and a fifty-two week high of $23.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%.

Hedge Funds Weigh In On Kelly Services

Several institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners grew its position in shares of Kelly Services by 9.2% in the first quarter. Boston Partners now owns 2,062,292 shares of the business services provider’s stock valued at $26,622,000 after purchasing an additional 172,903 shares during the period. Millennium Management LLC lifted its position in shares of Kelly Services by 2,251.9% in the fourth quarter. Millennium Management LLC now owns 1,095,238 shares of the business services provider’s stock valued at $15,268,000 after acquiring an additional 1,048,670 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Kelly Services by 10.7% in the fourth quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider’s stock worth $12,506,000 after acquiring an additional 86,560 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Kelly Services by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 791,125 shares of the business services provider’s stock worth $11,031,000 after purchasing an additional 9,464 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Kelly Services during the first quarter worth about $8,739,000. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Monday, May 19th. Kelly Services’s payout ratio is currently -50.00%.

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.