Kelly Services (NASDAQ:KELYB) Announces Quarterly Earnings Results

Kelly Services (NASDAQ:KELYB) issued its quarterly earnings results on Thursday. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19, Zacks reports. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion.

Kelly Services Price Performance

NASDAQ KELYB traded down $0.94 on Friday, reaching $22.20. The company had a trading volume of 281 shares, compared to its average volume of 953. The stock has a market capitalization of $769.50 million, a PE ratio of -2.84 and a beta of 0.82. Kelly Services has a 12 month low of $8.38 and a 12 month high of $125.00. The company has a quick ratio of 1.59, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average price is $21.15 and its 200 day moving average price is $17.49.

Kelly Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, August 19th. Kelly Services’s payout ratio is currently -3.95%.

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kelly Services presently has a consensus rating of “Sell”.

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.