Kelly Services (NASDAQ:KELYA) Releases Quarterly Earnings Results, Beats Estimates By $0.38 EPS

Kelly Services (NASDAQ:KELYA) posted its earnings results on Thursday. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.38, Zacks reports. Kelly Services had a return on equity of 6.93% and a net margin of 0.97%.

Kelly Services Stock Up 0.3 %

Shares of Kelly Services stock traded up $0.05 on Friday, reaching $14.30. 91,720 shares of the company were exchanged, compared to its average volume of 314,251. Kelly Services has a one year low of $12.68 and a one year high of $25.27. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $13.81 and a 200 day moving average of $17.50. The company has a market capitalization of $509.04 million, a price-to-earnings ratio of 12.43, a PEG ratio of 0.40 and a beta of 1.11.

Insider Activity at Kelly Services

In related news, SVP Daniel H. Malan bought 3,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of $13.88 per share, for a total transaction of $48,580.00. Following the purchase, the senior vice president now owns 95,906 shares in the company, valued at $1,331,175.28. This represents a 3.79 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of Kelly Services in a research report on Wednesday.

Kelly Services Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.