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In a challenging market environment, Kelly Services, Inc. (NASDAQ:KELYA) stock has touched a 52-week low, dipping to $12.68. According to InvestingPro analysis, the company currently appears undervalued, with a market cap of $444 million and maintains a solid current ratio of 1.65, indicating strong liquidity. The staffing company, which has been navigating through a period of economic headwinds, has seen a significant decline over the past year, with the 1-year change data reflecting a steep drop of -46.8%. This downturn has brought the stock to its lowest price level in the last year, marking a concerning milestone for investors. Despite current challenges, the company has maintained dividend payments for 15 consecutive years, and analysts project a return to profitability this year. For deeper insights into Kelly Services’ valuation and growth potential, check out the comprehensive Pro Research Report available on InvestingPro, which includes 8 additional key insights about the company’s prospects.
In other recent news, Kelly Services reported its fourth-quarter 2024 earnings, exceeding analyst expectations with an earnings per share (EPS) of $0.82, compared to the forecasted $0.525. The company’s revenue also surpassed projections, reaching $1.19 billion against the anticipated $1.16 billion. This performance highlights Kelly Services’ ability to achieve organic revenue growth of 4.4%, despite a year-over-year decline in total revenue. Additionally, Kelly Services announced the retirement of long-serving director Donald R. Parfet, effective at the company’s 2025 annual shareholders meeting. Parfet’s departure is not due to any disagreement with the company, and no successor has been announced yet. The company is also focusing on strategic acquisitions and sales to enhance its business focus. Analysts from Noble Capital and Northcoast Research have shown interest in the company’s recent performance and strategic direction. Looking forward, Kelly Services expects revenue growth of approximately 10% in the first half of 2025, driven by the integration of Motion Recruitment Partners.
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