Noble Financial Lowers Earnings Estimates for Kelly Services

Kelly Services, Inc. (NASDAQ:KELYA - Free Report) - Equities research analysts at Noble Financial reduced their FY2025 earnings estimates for shares of Kelly Services in a research note issued to investors on Friday, November 8th. Noble Financial analyst J. Gomes now forecasts that the business services provider will earn $3.02 per share for the year, down from their previous forecast of $3.17. The consensus estimate for Kelly Services' current full-year earnings is $2.49 per share. Noble Financial also issued estimates for Kelly Services' Q4 2025 earnings at $0.87 EPS.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.23). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.07 billion. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. The company's revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS.

KELYA has been the subject of several other reports. StockNews.com lowered shares of Kelly Services from a "buy" rating to a "hold" rating in a research report on Friday, August 9th. Barrington Research reiterated an "outperform" rating and issued a $29.00 price target on shares of Kelly Services in a research report on Friday, September 27th.

Kelly Services Stock Down 1.8 %

Kelly Services stock traded down $0.29 during trading hours on Monday, hitting $16.23. The stock had a trading volume of 401,547 shares, compared to its average volume of 225,918. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $577.30 million, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 0.51 and a beta of 1.20. Kelly Services has a 12-month low of $16.17 and a 12-month high of $25.27. The stock's 50-day moving average price is $20.46 and its 200-day moving average price is $21.33.

Hedge Funds Weigh In On Kelly Services

Large investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its position in Kelly Services by 73.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 59,416 shares of the business services provider's stock worth $1,488,000 after acquiring an additional 25,219 shares during the period. Foundry Partners LLC grew its holdings in shares of Kelly Services by 75.3% during the first quarter. Foundry Partners LLC now owns 150,920 shares of the business services provider's stock worth $3,779,000 after buying an additional 64,820 shares in the last quarter. Boston Partners purchased a new stake in shares of Kelly Services during the first quarter worth $18,618,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Kelly Services by 1,730.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 234,057 shares of the business services provider's stock worth $5,011,000 after buying an additional 221,271 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Kelly Services by 178.3% during the second quarter. Assenagon Asset Management S.A. now owns 155,604 shares of the business services provider's stock worth $3,331,000 after buying an additional 99,699 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, November 20th. Kelly Services's dividend payout ratio is currently 26.09%.

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.