Kelly Services (NASDAQ:KELYB) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Kelly Services (NASDAQ:KELYB) announced its quarterly earnings data on Thursday. The business services provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01, Zacks reports. Kelly Services had a negative net margin of 3.08% and a positive return on equity of 2.36%. The firm had revenue of $927.20 million for the quarter, compared to analysts’ expectations of $925.87 million.

Kelly Services Trading Down 2.2%

Shares of KELYB stock traded down $0.58 on Friday, reaching $26.05. The company had a trading volume of 907 shares, compared to its average volume of 1,549. The company has a current ratio of 1.55, a quick ratio of 1.50 and a debt-to-equity ratio of 0.12. The stock has a market cap of $904.89 million, a PE ratio of 40.56 and a beta of 0.88. The company has a 50-day moving average of $23.72 and a 200-day moving average of $19.45. Kelly Services has a 12 month low of $8.38 and a 12 month high of $125.00.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, November 18th. Kelly Services’s payout ratio is presently -3.84%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Kelly Services from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the company has a consensus rating of “Hold”.

Kelly Services Company Profile

Kelly Services, Inc (NASDAQ: KELYB) is a workforce solutions and staffing company that connects employers with talent across a range of industries and skill levels. Its services include temporary and contract staffing, direct-hire and permanent placement, recruitment process outsourcing, and workforce management solutions.

The company serves organizations through specialized offerings for professional and technical roles, science and engineering, education, office and administrative functions, industrial positions, and other workforce categories.