Kelly Services Inc. (NASDAQ:KELYA) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also assigned Kelly Services an industry rank of 184 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Kelly Services from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
Kelly Services (NASDAQ:KELYA) opened at 19.22 on Monday. Kelly Services has a 52 week low of $13.82 and a 52 week high of $20.98. The company’s 50 day moving average is $19.08 and its 200 day moving average is $19.19. The stock has a market cap of $732.15 million, a P/E ratio of 11.82 and a beta of 1.89.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. Kelly Services had a return on equity of 7.03% and a net margin of 1.14%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. Equities analysts predict that Kelly Services will post $1.57 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Tuesday, August 23rd were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.30 annualized dividend and a yield of 1.56%. Kelly Services’s dividend payout ratio is currently 18.41%.
In other news, Director B Joseph White sold 7,899 shares of the company’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $19.11, for a total value of $150,949.89. Following the completion of the sale, the director now directly owns 22,090 shares of the company’s stock, valued at approximately $422,139.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Conrad L. Mallett, Jr. sold 1,792 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $19.55, for a total value of $35,033.60. Following the completion of the sale, the director now directly owns 14,351 shares of the company’s stock, valued at $280,562.05. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Mason Street Advisors LLC bought a new stake in shares of Kelly Services during the second quarter worth approximately $110,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Kelly Services by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 346,239 shares of the company’s stock worth $6,569,000 after buying an additional 3,113 shares during the period. American Century Companies Inc. bought a new stake in shares of Kelly Services during the second quarter worth approximately $415,000. Arizona State Retirement System boosted its stake in shares of Kelly Services by 2.0% in the second quarter. Arizona State Retirement System now owns 15,460 shares of the company’s stock worth $293,000 after buying an additional 300 shares during the period. Finally, AHL Partners LLP bought a new stake in shares of Kelly Services during the second quarter worth approximately $229,000. 64.76% of the stock is owned by institutional investors.
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).
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