FY2023 EPS Estimates for Kelly Services, Inc. (NASDAQ:KELYA) Decreased by Barrington Research

Kelly Services, Inc. (NASDAQ:KELYAGet Rating) – Equities researchers at Barrington Research lowered their FY2023 earnings per share estimates for shares of Kelly Services in a research report issued on Thursday, November 17th. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings per share of $2.03 for the year, down from their prior estimate of $2.31. Barrington Research currently has a “Outperform” rating and a $24.00 price objective on the stock. The consensus estimate for Kelly Services’ current full-year earnings is $1.67 per share.

Several other equities analysts also recently commented on KELYA. StockNews.com assumed coverage on Kelly Services in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Noble Financial cut their target price on Kelly Services to $25.00 in a research report on Wednesday, November 16th.

Kelly Services Trading Down 1.2 %

Shares of KELYA stock opened at $16.84 on Monday. The stock has a 50 day moving average of $15.16 and a two-hundred day moving average of $17.70. Kelly Services has a 12 month low of $13.41 and a 12 month high of $23.00. The company has a market capitalization of $639.04 million, a P/E ratio of 84.20, a P/E/G ratio of 0.78 and a beta of 1.12.

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 23rd will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.30 dividend on an annualized basis and a yield of 1.78%. Kelly Services’s dividend payout ratio is 150.01%.

Institutional Investors Weigh In On Kelly Services

A number of hedge funds and other institutional investors have recently bought and sold shares of KELYA. US Bancorp DE increased its stake in shares of Kelly Services by 16.9% in the 1st quarter. US Bancorp DE now owns 4,185 shares of the business services provider’s stock valued at $91,000 after buying an additional 606 shares during the period. Sei Investments Co. increased its stake in shares of Kelly Services by 3.0% in the 2nd quarter. Sei Investments Co. now owns 20,670 shares of the business services provider’s stock valued at $393,000 after buying an additional 609 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Kelly Services by 11.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 5,804 shares of the business services provider’s stock valued at $115,000 after buying an additional 612 shares during the period. Boston Partners increased its stake in shares of Kelly Services by 2.0% in the 3rd quarter. Boston Partners now owns 35,131 shares of the business services provider’s stock valued at $477,000 after buying an additional 704 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of Kelly Services by 21.5% in the 2nd quarter. Captrust Financial Advisors now owns 4,141 shares of the business services provider’s stock valued at $82,000 after buying an additional 734 shares during the period. 77.36% of the stock is owned by institutional investors and hedge funds.

Kelly Services Company Profile

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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 direct-hire services in the areas of office, professional, light industrial, and contact center specialties.

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