Kelly Services, Inc. (NASDAQ:KELYB – Get Free Report)’s share price gapped down before the market opened on Monday. The stock had previously closed at $28.50, but opened at $26.44. Kelly Services shares last traded at $26.65, with a volume of 2,278 shares.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Kelly Services from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Get Our Latest Stock Report on KELYB
Kelly Services Price Performance
The stock has a market cap of $942.57 million, a P/E ratio of -3.48 and a beta of 0.88. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $23.32 and a 200 day moving average price of $19.08.
Kelly Services (NASDAQ:KELYB – Get Free Report) last released its earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.19. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion.
Kelly Services Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a $0.0750 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.1%. Kelly Services’s payout ratio is presently -3.84%.
About Kelly Services
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.
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