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

Kelly Services (NASDAQ:KELYA) will likely be releasing its results before the market opens on Thursday, February 12th. Analysts expect Kelly Services to post earnings of $0.45 per share and revenue of $1.0338 billion for the quarter.

Kelly Services Stock Performance

Shares of KELYA stock opened at $10.64 on Wednesday. The company has a market capitalization of $376.01 million, a price-to-earnings ratio of -2.37, a P/E/G ratio of 0.47 and a beta of 0.79. Kelly Services has a 1-year low of $7.98 and a 1-year high of $15.11. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $9.48 and its 200-day simple moving average is $11.25.

Institutional Trading of Kelly Services

A number of institutional investors have recently added to or reduced their stakes in the business. Quarry LP increased its stake in shares of Kelly Services by 173.2% during the 3rd quarter. Quarry LP now owns 1,970 shares of the business services provider’s stock worth $26,000 after purchasing an additional 1,249 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Kelly Services by 83.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 1,967 shares during the last quarter. State of Wyoming bought a new stake in Kelly Services in the second quarter worth $116,000. Focus Partners Wealth acquired a new position in Kelly Services during the third quarter worth $137,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Kelly Services during the third quarter worth $141,000. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on KELYA shares. Zacks Research raised Kelly Services from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings restated a “sell (d)” rating on shares of Kelly Services in a report on Thursday, January 22nd. Barrington Research reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Kelly Services in a research report on Friday, February 6th. Finally, Wall Street Zen lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.00.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.