Kelly Services (NASDAQ:KELYA) Posts Earnings Results, Beats Estimates By $0.38 EPS

Kelly Services (NASDAQ:KELYA - Get Free Report) issued its earnings results on Thursday. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.38, Zacks reports. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.15 billion. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%.

Kelly Services Stock Down 0.8 %

Shares of NASDAQ KELYA traded down $0.11 during trading on Monday, hitting $14.14. 374,805 shares of the company traded hands, compared to its average volume of 261,028. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.61 and a current ratio of 1.61. The business's fifty day moving average is $13.81 and its 200 day moving average is $17.32. The firm has a market capitalization of $503.53 million, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.40 and a beta of 1.11. Kelly Services has a fifty-two week low of $12.68 and a fifty-two week high of $25.27.

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. Kelly Services's payout ratio is presently 26.09%.

Analyst Ratings Changes

Separately, Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of Kelly Services in a research report on Wednesday, February 12th.

Insiders Place Their Bets

In other news, SVP Daniel H. Malan acquired 3,500 shares of Kelly Services stock in a transaction on Wednesday, November 20th. The stock was acquired at an average cost of $13.88 per share, with a total value of $48,580.00. Following the transaction, the senior vice president now owns 95,906 shares of the company's stock, valued at approximately $1,331,175.28. This trade represents a 3.79 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.90% of the company's stock.

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.