Kelly Services (NASDAQ:KELYB) Shares Gap Down – What’s Next?

Shares of Kelly Services, Inc. (NASDAQ:KELYB) gapped down before the market opened on Monday . The stock had previously closed at $15.96, but opened at $15.21. Kelly Services shares last traded at $15.4850, with a volume of 361 shares traded.

Wall Street Analyst Weigh In

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

Kelly Services Trading Down 3.5%

The business has a fifty day simple moving average of $14.97 and a 200-day simple moving average of $12.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $552.49 million, a price-to-earnings ratio of 18.40 and a beta of 0.71.

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 analysts’ consensus estimates of $0.06 by ($0.03). Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, May 18th. Kelly Services’s dividend payout ratio is presently -3.95%.

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.