Kelly Services, Inc. (NASDAQ:KELYB – Get Free Report) shares gapped down prior to trading on Friday. The stock had previously closed at $22.59, but opened at $21.50. Kelly Services shares last traded at $23.51, with a volume of 929 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered Kelly Services from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.
Get Our Latest Research Report on KELYB
Kelly Services Price Performance
The company has a market capitalization of $818.59 million, a P/E ratio of -3.02 and a beta of 0.86. The company has a 50 day moving average price of $22.61 and a 200 day moving average price of $20.16. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08.
Kelly Services (NASDAQ:KELYB – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Kelly Services’s payout ratio is currently -3.84%.
Kelly Services Company Profile
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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