According to Zacks, “KELLY SERVICES, INC. provides temporary office clerical, marketing, professional, technical, light industrial, home care services, management services and other business services to a diversified group of customers through offices located in major cities of the United States, Australia, Canada, Denmark, France, Ireland, Italy, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Russia, Spain, Switzerland and United Kingdom. Kelly Temporary Services provides office clerical, marketing, professional, technical, semi-skilled light industrial and management services. “
Shares of Kelly Services (NASDAQ:KELYA) opened at 19.35 on Monday. The stock has a market cap of $737.10 million, a price-to-earnings ratio of 11.90 and a beta of 1.89. The stock’s 50 day moving average price is $19.09 and its 200 day moving average price is $19.17. Kelly Services has a 52 week low of $13.76 and a 52 week high of $20.98.
Kelly Services (NASDAQ:KELYA) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.02. The firm earned $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. Kelly Services had a net margin of 1.14% and a return on equity of 7.03%. Kelly Services’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. Equities research analysts anticipate that Kelly Services will post $1.57 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Tuesday, August 23rd were given a dividend of $0.075 per share. The ex-dividend date was Friday, August 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.55%. Kelly Services’s payout ratio is 18.41%.
In related news, insider Steven Shelby Armstrong sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $19.36, for a total transaction of $348,480.00. Following the completion of the sale, the insider now directly owns 42,335 shares of the company’s stock, valued at $819,605.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP George S. Corona sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $19.22, for a total transaction of $288,300.00. Following the sale, the vice president now directly owns 228,436 shares of the company’s stock, valued at $4,390,539.92. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Mason Street Advisors LLC acquired a new stake in Kelly Services during the second quarter worth $110,000. Advisor Group Inc. purchased a new stake in shares of Kelly Services during the second quarter valued at approximately $116,000. Springbok Capital Management LLC increased its stake in shares of Kelly Services by 272.5% in the first quarter. Springbok Capital Management LLC now owns 6,996 shares of the company’s stock valued at $134,000 after buying an additional 5,118 shares during the last quarter. DIAM Co. Ltd. purchased a new stake in shares of Kelly Services during the second quarter valued at approximately $139,000. Finally, Bank of Montreal Can purchased a new stake in shares of Kelly Services during the second quarter valued at approximately $153,000. 64.76% of the stock is owned by institutional investors and hedge funds.
Kelly Services Company Profile
Kelly Services, Inc is a workforce solutions provider. The Company provides workforce solutions in over three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). It operates in seven segments: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kelly Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelly Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.