U.S. natural gas prices upside likely in 2026 - Morgan Stanley
In a challenging economic climate, Kelly Services Inc. (NASDAQ:KELYA) stock has touched a 52-week low, dipping to $10.99. The staffing company, with a market capitalization of $385M and annual revenue of $4.3B, has navigated through a turbulent market. The stock has seen a significant downturn over the past year, with its price reflecting a steep 1-year change of -53.18%. According to InvestingPro analysis, the company appears slightly undervalued at current levels. This decline has brought the company’s shares to a level that investors haven’t seen in the last year, marking a critical point for the company as it looks to strengthen its position and rebound from the current lows. Despite the downturn, Kelly Services maintains a healthy current ratio of 1.65 and has consistently paid dividends for 15 consecutive years, currently yielding 2.68%. The 52-week low serves as a potential inflection point for Kelly Services, as market watchers closely observe how the stock will perform in the coming weeks and months. InvestingPro subscribers can access 12 additional key insights about KELYA’s financial health and market position.
In other recent news, Kelly Services reported fourth-quarter 2024 earnings that exceeded analyst expectations, with an earnings per share (EPS) of $0.82 compared to the forecasted $0.525. Revenue also surpassed projections, reaching $1.19 billion against the anticipated $1.16 billion. The company noted a 4.4% organic revenue growth, despite a year-over-year decline in total revenue. Kelly Services has been focusing on integrating recent acquisitions and divesting non-core assets to streamline operations. In leadership news, the company announced the upcoming retirement of Laura Lockhart, Vice President, Chief Accounting Officer, and Corporate Controller, with plans to find a successor. Additionally, long-serving director Donald R. Parfet will retire following the 2025 annual shareholders meeting, with no immediate changes to strategic direction announced. The company continues to make strategic acquisitions, including the recent purchase of Children’s Therapy Center to enhance its education segment. Investors and analysts will be watching for updates on these leadership transitions and their potential impact on the company’s strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.