Kelly Services (NASDAQ:KELYB) Shares Gap Down – Here’s Why

Shares of Kelly Services, Inc. (NASDAQ:KELYB) gapped down before the market opened on Monday . The stock had previously closed at $20.88, but opened at $19.57. Kelly Services shares last traded at $20.2810, with a volume of 451 shares changing hands.

Analysts Set New Price Targets

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

Kelly Services Trading Up 3.7%

The company’s 50-day moving average price is $15.91 and its 200-day moving average price is $13.40. The firm has a market cap of $754.95 million, a price-to-earnings ratio of -2.87 and a beta of 0.81. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13.

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). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a $0.075 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.4%. 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.