Kelly Services (NASDAQ:KELYB) Shares Gap Up – Still a Buy?

Kelly Services, Inc. (NASDAQ:KELYB)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $15.89, but opened at $16.61. Kelly Services shares last traded at $17.8090, with a volume of 936 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Kelly Services Price Performance

The firm has a market capitalization of $622.67 million, a PE ratio of -2.36 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a 50-day simple moving average of $15.17 and a 200-day simple moving average of $12.99.

Kelly Services (NASDAQ:KELYB) last announced its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.7%. Kelly Services’s dividend payout ratio (DPR) is -3.95%.

Kelly Services Company Profile

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.