Kelly Services, Inc. (NASDAQ:KELYB – Get Free Report)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $22.19, but opened at $23.00. Kelly Services shares last traded at $22.1930, with a volume of 4,841 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded Kelly Services from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Kelly Services has an average rating of “Sell”.
Read Our Latest Analysis on KELYB
Kelly Services Trading Down 2.2%
Kelly Services (NASDAQ:KELYB – Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.19. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%.
Kelly Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were paid a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, August 19th. Kelly Services’s dividend payout ratio (DPR) is -3.84%.
About Kelly Services
Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting and talent management services to businesses and organizations. Its offerings include temporary and direct-hire placement, workforce outsourcing, recruitment process outsourcing, managed service programs and other services designed to help employers source, deploy and retain talent.
The company serves a range of industries through specialized businesses, including Kelly Professional & Industrial, Kelly Science & Clinical, Kelly Engineering and Kelly Education.
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