Kelly Services (NASDAQ:KELYA) released its quarterly earnings results on Wednesday. The business services provider reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.18, MarketWatch Earnings reports. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. Kelly Services had a return on equity of 7.62% and a net margin of 0.99%. Kelly Services’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 EPS.
NASDAQ:KELYA traded down $0.24 during trading hours on Thursday, hitting $23.79. 1,412 shares of the stock were exchanged, compared to its average volume of 125,546. Kelly Services has a twelve month low of $21.44 and a twelve month high of $32.31. The company has a market cap of $962.31 million, a price-to-earnings ratio of 10.92 and a beta of 0.79.
A number of large investors have recently bought and sold shares of KELYA. BlackRock Inc. lifted its stake in shares of Kelly Services by 7.1% in the 2nd quarter. BlackRock Inc. now owns 4,342,762 shares of the business services provider’s stock valued at $97,496,000 after purchasing an additional 289,379 shares during the period. LSV Asset Management lifted its stake in shares of Kelly Services by 0.7% in the 3rd quarter. LSV Asset Management now owns 1,177,623 shares of the business services provider’s stock valued at $28,298,000 after purchasing an additional 7,700 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Kelly Services by 17.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 581,540 shares of the business services provider’s stock valued at $13,056,000 after purchasing an additional 86,195 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Kelly Services by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 498,699 shares of the business services provider’s stock valued at $11,196,000 after purchasing an additional 2,613 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Kelly Services by 3.5% in the 2nd quarter. Northern Trust Corp now owns 401,208 shares of the business services provider’s stock valued at $9,007,000 after purchasing an additional 13,726 shares during the period. 66.21% of the stock is currently owned by hedge funds and other institutional investors.
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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 (GTS), 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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