Noble Financial Estimates Kelly Services FY2025 Earnings

Kelly Services, Inc. (NASDAQ:KELYA) – Stock analysts at Noble Financial dropped their FY2025 earnings estimates for shares of Kelly Services in a note issued to investors on Monday, August 11th. Noble Financial analyst J. Gomes now anticipates that the business services provider will post earnings per share of $2.20 for the year, down from their previous forecast of $2.24. The consensus estimate for Kelly Services’ current full-year earnings is $2.45 per share.

Several other brokerages have also commented on KELYA. Wall Street Zen lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. Barrington Research reissued an “outperform” rating and set a $25.00 price objective on shares of Kelly Services in a research report on Tuesday, May 20th.

Kelly Services Price Performance

Shares of NASDAQ:KELYA opened at $14.33 on Tuesday. The company’s fifty day moving average price is $12.34 and its 200 day moving average price is $12.55. Kelly Services has a 12 month low of $10.80 and a 12 month high of $22.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $499.97 million, a P/E ratio of -71.65, a P/E/G ratio of 0.51 and a beta of 0.99.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion.

Kelly Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 20th. Kelly Services’s dividend payout ratio (DPR) is presently -150.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KELYA. JPMorgan Chase & Co. boosted its holdings in shares of Kelly Services by 498.0% in the fourth quarter. JPMorgan Chase & Co. now owns 162,987 shares of the business services provider’s stock valued at $2,272,000 after acquiring an additional 135,730 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kelly Services by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 791,125 shares of the business services provider’s stock valued at $11,031,000 after acquiring an additional 9,464 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Kelly Services by 9.6% in the fourth quarter. Federated Hermes Inc. now owns 12,240 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 1,076 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Kelly Services in the fourth quarter valued at about $5,343,000. Finally, Barclays PLC boosted its holdings in shares of Kelly Services by 3.9% in the fourth quarter. Barclays PLC now owns 66,095 shares of the business services provider’s stock valued at $922,000 after acquiring an additional 2,457 shares in the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

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.