Sidoti Issues Negative Outlook for Kelly Services Earnings

Kelly Services, Inc. (NASDAQ:KELYA) – Sidoti decreased their Q3 2026 earnings per share estimates for shares of Kelly Services in a report released on Monday, August 10th. Sidoti analyst M. Riddick now forecasts that the business services provider will earn $0.03 per share for the quarter, down from their previous estimate of $0.05. The consensus estimate for Kelly Services’ current full-year earnings is $1.01 per share. Sidoti also issued estimates for Kelly Services’ Q4 2026 earnings at $0.63 EPS.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.During the same period last year, the business earned $0.52 EPS.

Other analysts have also recently issued reports about the stock. Zacks Research upgraded shares of Kelly Services from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Barrington Research lifted their target price on shares of Kelly Services from $15.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kelly Services in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.00.

Kelly Services Trading Up 3.2%

Shares of KELYA stock opened at $15.67 on Tuesday. Kelly Services has a 12 month low of $7.98 and a 12 month high of $17.75. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $13.44 and its two-hundred day moving average is $10.99. The company has a market cap of $543.28 million, a PE ratio of -2.01, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Private Management Group Inc. boosted its holdings in Kelly Services by 101.8% during the fourth quarter. Private Management Group Inc. now owns 1,268,649 shares of the business services provider’s stock valued at $11,164,000 after purchasing an additional 640,076 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Kelly Services by 39.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,908,900 shares of the business services provider’s stock valued at $16,798,000 after purchasing an additional 544,309 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Kelly Services by 594.2% in the 4th quarter. Millennium Management LLC now owns 623,723 shares of the business services provider’s stock worth $5,489,000 after purchasing an additional 533,873 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Kelly Services during the 1st quarter worth about $4,371,000. Finally, JPMorgan Chase & Co. lifted its holdings in Kelly Services by 1,328.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 412,211 shares of the business services provider’s stock valued at $5,408,000 after purchasing an additional 383,357 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Vanessa Peterson Williams sold 29,999 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $9.78, for a total transaction of $293,390.22. Following the transaction, the executive vice president directly owned 82,355 shares in the company, valued at $805,431.90. The trade was a 26.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.40% of the stock is currently owned by company insiders.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.9%. Kelly Services’s dividend payout ratio (DPR) is -3.84%.

About Kelly Services

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.