Kelly Services (NASDAQ:KELYB) Posts Earnings Results

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

Kelly Services Trading Down 4.0%

NASDAQ KELYB traded down $0.94 during mid-day trading on Friday, reaching $22.20. 281 shares of the stock were exchanged, compared to its average volume of 953. Kelly Services has a one year low of $8.38 and a one year high of $125.00. The stock has a 50 day simple moving average of $21.15 and a 200-day simple moving average of $17.49. The stock has a market cap of $769.50 million, a P/E ratio of -2.84 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.59.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.4%. Kelly Services’s dividend payout ratio is -3.95%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Kelly Services presently has an average rating of “Sell”.

View Our Latest Stock Report on KELYB

Kelly Services Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Kelly Services (NASDAQ:KELYB)

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