Kelly Services, Inc. (NASDAQ:KELYB – Get Free Report)’s share price was down 9.1% on Friday . The stock traded as low as $23.46 and last traded at $21.02. Approximately 262 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 30,345 shares. The stock had previously closed at $23.13.
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 investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
Get Our Latest Report on KELYB
Kelly Services Stock Performance
Kelly Services (NASDAQ:KELYB – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%.
Kelly Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.30 annualized dividend and a yield of 1.4%. Kelly Services’s payout ratio is currently -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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