Kelly Services (NASDAQ:KELYA) Stock

KELLY SERVICES INC -A

Kelly Services

Kelly Services Inc is a provider of workforce solutions and consulting, and staffing services. The company's operations are divided into four business segments, namely Professional & Industrial, Science, Education, Outsourcing & Consulting Group, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement, or outcome-based services. OCG segment delivers talent solutions, including managed service providers, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. The majority of revenue is derived from Professional & Industrial.

Kelly Services, Inc. - Class A Common Stock

Kelly Services Inc

Barrington Research analyst Kevin Steinke maintains Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) with a Outperform and maintains $25 price target.

News

Price Target

Analyst Ratings

KELYA

Barrington Research Maintains Outperform on Kelly Services, Maintains $25 Price Target

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KELYA stock has given up its prior loss. Kelly Services shares were trading lower after the company reported worse-than-expected Q1 adjusted EPS results.

Kelly Services shares are trading lower after the company reported worse-than-expected Q1 adjusted EPS results.

Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) reported quarterly earnings of $0.39 per share which missed the analyst consensus estimate of $0.53 by 26.42 percent. This is a 30.36 percent decrease over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $1.17 billion which beat the analyst consensus estimate of $1.16 billion by 0.65 percent. This is a 11.48 percent increase over sales of $1.04 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Kelly Services Q1 Adj. EPS $0.39 Misses $0.53 Estimate, Sales $1.17B Beat $1.16B Estimate

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Adtalem Global Education Inc. Common Stock

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BlackSky Technology Inc. Class A Common Stock

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Earnings Scheduled For May 8, 2025

Kelly Launches Integrated Permanent Hiring Solutions Business, Combining KellyOCG And Motion Recruitment Partners' Brands

Kelly Services shares are trading higher after the company reported better-than-expected Q4 financial results.

Guidance

Kelly Sees 1H Revenue Growth Of 10%

Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) reported quarterly adjusted earnings of $0.82 per share which beat the analyst consensus estimate of $0.46 by 78.26 percent. This is a 11.83 percent decrease over earnings of $0.93 per share from the same period last year. The company reported quarterly sales of $1.19 billion which beat the analyst consensus estimate of $1.15 billion by 3.63 percent. This is a 3.33 percent decrease over sales of $1.23 billion the same period last year.

Kelly Services Q4 Adj $0.82 Beats $0.46 Estimate, Sales $1.19B Beat $1.15B Estimate

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Earnings Scheduled For February 13, 2025

The authorization expires on December 2, 2026.

Buybacks

Kelly Board Approves $50M Share Repurchase Program

<ul>
<li>Kelly's acquisition of Children's Therapy Center (CTC) further expands growth opportunities in the high-margin, high-demand therapeutic services segment.</li>
<li>The integration of CTC into Kelly Education's Pediatric Therapy Services will bolster service delivery, offering Minnesota school districts access to comprehensive therapy solutions to address the increasing demand arising from student special education needs.</li>
<li>The addition of CTC brings increased scale to the current network of licensed therapists, enabling flexible practice in clinics or schools. &nbsp;</li>
</ul>
TROY, Mich., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Today, <a href="https://www.kellyservices.com/">Kelly</a> (Nasdaq:&nbsp;KELYA, KELYB) announced that it has acquired <a href="https://childrenstherapyctr.com/">Children's Therapy Center (CTC)</a>. Specializing in occupational, physical, and speech therapy for children from birth to eighteen, CTC operates from its headquarters in Eagan, MN, with an additional office in Apple Valley, MN. This acquisition will integrate CTC into <a href="https://www.kellyeducation.com/">Kelly Education</a>'s <a href="https://www.mypts.com/">Pediatric Therapy Services (PTS)</a> portfolio. This provides opportunities for Minnesota school districts, including those who currently partner with <a href="https://www.teachersoncall.com/">Teachers On Call (TOC)</a>, a Kelly Education Company, to integrate PTS's related therapy services to meet the growing demand of student special education needs. The terms of the acquisition were not disclosed.

Kelly Announces That It Has Acquired Children's Therapy Center; The Terms Of The Acquisition Were Not Disclosed

Barrington Research analyst Kevin Steinke maintains Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) with a Outperform and lowers the price target from $29 to $25.

Barrington Research Maintains Outperform on Kelly Services, Lowers Price Target to $25

<h3>Gainers</h3>
<ul>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) shares rose 168.3% to $0.26 during Thursday's regular session. The company's market cap stands at $8.2 million. </li>
<li>Wilhelmina International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLM#NASDAQ">WHLM</a>) shares rose 39.84% to $4.6. The company's market cap stands at $23.7 million. </li>
<li>CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) shares increased by 25.71% to $22.1. The market value of their outstanding shares is at $2.4 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Eshallgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) stock rose 25.31% to $3.77. The market value of their outstanding shares is at $81.9 million. </li>
<li>Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) stock moved upwards by 23.61% to $17.8. The market value of their outstanding shares is at $7.3 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) stock increased by 23.15% to $7.5. The company's market cap stands at $22.6 million. </li>
</ul>
<h3>Losers</h3>
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<li>Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) shares declined by 39.5% to $1.2 during Thursday's regular session. The company's market cap stands at $7.6 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares fell 19.9% to $1.09. The company's market cap stands at $17.6 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock declined by 16.25% to $0.67. The market value of their outstanding shares is at $9.9 million. </li>
<li>Franklin Covey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) stock declined by 15.75% to $37.15. The market value of their outstanding shares is at $486.4 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) stock fell 15.67% to $18.77. The market value of their outstanding shares is at $666.5 million. As per the press release, Q3 earnings came out today. </li>
<li>TTEC Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEC#NASDAQ">TTEC</a>) stock fell 14.37% to $4.65. The market value of their outstanding shares is at $221.9 million. As per the press release, Q3 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Thursday's Intraday Session

Kelly Services shares are trading lower after the company reported worse-than-expected Q3 financial results.

Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.36 by 41.67 percent. This is a 58 percent decrease over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $1.04 billion which missed the analyst consensus estimate of $1.07 billion by 3.20 percent. This is a 7.16 percent decrease over sales of $1.12 billion the same period last year.

Kelly Services Q3 2024 Adj EPS $0.21 Misses $0.36 Estimate, Sales $1.04B Miss $1.07B Estimate

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Shares of professional service companies are trading higher after Donald Trump won the 2024 presidential election.

A new SEC filing reveals that Nicola Soares, Senior Vice President at Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>), made a notable insider purchase on October 16,.
What Happened: Soares's recent purchase of 9,843 shares of Kelly Services, disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000055135/000112760224025630//Archives/edgar/data/55135/000112760224025630/0001127602-24-025630-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, reflects confidence in the company's potential. The total transaction value is $200,009.
Kelly Services shares are trading down 0.0% at $20.62 at the time of this writing on Thursday morning.
<h3>All You Need to Know About Kelly Services</h3>
Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into five business segments namely Professional &amp; Industrial, Science, Engineering &amp; Technology, Education, Outsourcing &amp; Consulting, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement, or outcome-based services. OCG segment delivers talent solutions including managed service providers, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. The majority of revenue is derived from Professional &amp; Industrial.
<h3>Kelly Services: Delving into Financials</h3>
Revenue Challenges: Kelly Services's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -13.12%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 20.21%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Kelly Services's EPS reflects a decline, falling below the industry average with a current EPS of 0.13.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.21.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: Kelly Services's P/E ratio of 15.62 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.17, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 10.38, Kelly Services presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Why Pay Attention to Insider Transactions</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000055135">Check Out The Full List Of Kelly Services's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Kelly Services Senior Vice President Trades $200K In Company Stock

Press Releases

General

Kelly Education Launches Training Program to Elevate Illinois' Substitute Teaching Standards

Kelly Education Launches Training Program to Elevate Virginia's Substitute Teaching Standards

Kelly Education Launches Training Program to Elevate Kentucky's Substitute Teaching Standards

Kelly Announces First-Quarter 2025 Conference Call

KellyOCG Earns Recognition as a John Deere "Partner-level Supplier"

Kelly Education Celebrates Excellence in Education with Annual Educator of the Year Award

Kelly Reports First-Quarter 2025 Earnings

KellyOCG Honors Top-Performing Suppliers for Delivering Exceptional Workforce Solutions

Kelly Announces Participation in June 2025 Investor Conferences

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