Kelly Services (NASDAQ:KELYB – Get Free Report) announced its quarterly earnings results on Thursday. The business services provider reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01, Zacks reports. Kelly Services had a negative net margin of 3.08% and a positive return on equity of 2.36%. The company had revenue of $927.20 million for the quarter, compared to analysts’ expectations of $925.87 million.
Kelly Services Stock Down 2.2%
Shares of NASDAQ KELYB traded down $0.58 during mid-day trading on Friday, reaching $26.05. 907 shares of the company’s stock were exchanged, compared to its average volume of 1,549. The firm has a market capitalization of $904.89 million, a price-to-earnings ratio of 40.56 and a beta of 0.88. The company has a current ratio of 1.55, a quick ratio of 1.50 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $23.72 and a 200 day simple moving average of $19.45. Kelly Services has a twelve month low of $8.38 and a twelve month high of $125.00.
Kelly Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.0750 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.2%. Kelly Services’s dividend payout ratio (DPR) is currently -3.84%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Kelly Services from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Kelly Services currently has an average rating of “Hold”.
View Our Latest Analysis on KELYB
About Kelly Services
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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