Kelly Services (NASDAQ:KELYA) Issues Earnings Results

Kelly Services (NASDAQ:KELYA) issued its quarterly earnings results on Thursday. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23), Briefing.com reports. Kelly Services had a return on equity of 7.82% and a net margin of 1.09%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business earned $0.50 EPS. The company’s revenue for the quarter was down 7.1% on a year-over-year basis.

Kelly Services Stock Performance

Shares of NASDAQ KELYA traded down $1.80 during mid-day trading on Friday, hitting $16.34. The company had a trading volume of 340,529 shares, compared to its average volume of 223,902. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.16. Kelly Services has a 1 year low of $16.26 and a 1 year high of $25.27. The company has a market capitalization of $581.18 million, a price-to-earnings ratio of 15.01, a P/E/G ratio of 0.63 and a beta of 1.20. The stock’s 50-day moving average price is $20.55 and its 200-day moving average price is $21.40.

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.30 annualized dividend and a dividend yield of 1.84%. Kelly Services’s dividend payout ratio is currently 26.09%.

Wall Street Analyst Weigh In

KELYA has been the subject of a number of recent research reports. StockNews.com downgraded Kelly Services from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Barrington Research reissued an “outperform” rating and issued a $29.00 price objective on shares of Kelly Services in a report on Friday, September 27th.

Kelly Services Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.