Kelly Services (NASDAQ:KELYA) released its quarterly earnings results on Wednesday. The business services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.56 by $0.16, Briefing.com reports. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.42 billion. Kelly Services had a net margin of 0.29% and a return on equity of 7.94%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share.
KELYA stock traded up $0.05 during mid-day trading on Wednesday, reaching $27.32. 75,118 shares of the stock traded hands, compared to its average volume of 136,750. Kelly Services has a 52-week low of $19.21 and a 52-week high of $28.58. The stock has a market capitalization of $1.05 billion, a P/E ratio of 12.04 and a beta of 0.76. The stock has a fifty day moving average of $26.43.
Several research firms have recently commented on KELYA. Zacks Investment Research lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. ValuEngine raised shares of Kelly Services from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. BidaskClub raised shares of Kelly Services from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. TheStreet raised shares of Kelly Services from a “c+” rating to a “b” rating in a report on Monday, May 6th. Finally, Noble Financial assumed coverage on shares of Kelly Services in a report on Tuesday, July 30th. They issued an “outperform” rating and a $32.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Kelly Services has a consensus rating of “Buy” and an average price target of $32.33.
Kelly Services Company Profile
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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