Kelly Services (KELYB) Expected to Announce Quarterly Earnings on Thursday

Kelly Services (NASDAQ:KELYB) is expected to be announcing its results before the market opens on Thursday, August 6th. Analysts expect Kelly Services to announce earnings of $0.1850 per share and revenue of $1.0093 billion for the quarter.

Kelly Services (NASDAQ:KELYB) last issued 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 the consensus estimate 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 Price Performance

NASDAQ:KELYB opened at $22.99 on Thursday. The business’s 50-day moving average is $20.66 and its 200 day moving average is $16.97. Kelly Services has a 12 month low of $8.38 and a 12 month high of $125.00. The company has a market capitalization of $797.06 million, a P/E ratio of -3.02 and a beta of 0.81. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a yield of 1.3%. Kelly Services’s payout ratio is presently -3.95%.

Analyst Upgrades and Downgrades

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

About Kelly Services

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.