Kelly Services, Inc. (NASDAQ:KELYB – Get Free Report)’s stock price dropped 9.1% during trading on Monday . The stock traded as low as $22.60 and last traded at $20.00. 667 shares changed hands during trading, a decline of 98% from the average session volume of 34,810 shares. The stock had previously closed at $22.00.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on Kelly Services
Kelly Services Stock Up 2.7%
Kelly Services (NASDAQ:KELYB – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%.
Kelly Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, May 18th. Kelly Services’s dividend payout ratio is -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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