Shares of Kelly Services, Inc. (NASDAQ:KELYB – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $24.34, but opened at $23.11. Kelly Services shares last traded at $23.6560, with a volume of 367 shares.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Kelly Services presently has an average rating of “Sell”.
Get Our Latest Analysis on KELYB
Kelly Services Stock Performance
Kelly Services (NASDAQ:KELYB – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 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 business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion.
Kelly Services Dividend Announcement
The business also recently declared 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 was Monday, May 18th. This represents a $0.30 annualized dividend and a yield of 1.3%. Kelly Services’s 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.
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