Kelly Services (KELYB) Expected to Announce Earnings on Thursday

Kelly Services (NASDAQ:KELYB – Get Free Report) is projected to announce its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.0650 per share and revenue of $925.87 million for the quarter.

Kelly Services (NASDAQ:KELYB – Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.19. The firm 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 6.73% and a positive return on equity of 2.69%.

Kelly Services Stock Down 4.1%

Shares of NASDAQ:KELYB opened at $27.34 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $949.57 million, a PE ratio of -3.50 and a beta of 0.86. The firm’s 50-day moving average is $23.12 and its two-hundred day moving average is $18.89. Kelly Services has a 1 year low of $8.38 and a 1 year high of $125.00.

Kelly Services Announces Dividend

The firm also recently disclosed 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 -3.84%.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Kelly Services presently has an average rating of “Hold”.

Check Out Our Latest Report on KELYB

About Kelly Services

(Get Free Report)

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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Earnings History for Kelly Services (NASDAQ:KELYB)

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