Kelly Services (NASDAQ:KELYA - Get Free Report) released its earnings results on Thursday. The business services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23), Briefing.com reports. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.07 billion. Kelly Services had a net margin of 1.09% and a return on equity of 7.82%. The firm's quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS.
Kelly Services Price Performance
KELYA traded down $1.62 during trading on Friday, reaching $16.52. 602,435 shares of the company were exchanged, compared to its average volume of 150,487. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Kelly Services has a 12-month low of $16.23 and a 12-month high of $25.27. The company has a market cap of $587.62 million, a price-to-earnings ratio of 12.61, a P/E/G ratio of 0.69 and a beta of 1.20. The company's 50-day moving average is $20.46 and its two-hundred day moving average is $21.35.
Kelly Services Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.30 annualized dividend and a dividend yield of 1.82%. Kelly Services's payout ratio is currently 22.90%.
Analysts Set New Price Targets
KELYA has been the topic of a number of recent research reports. StockNews.com downgraded Kelly Services from a "buy" rating to a "hold" rating in a research note on Friday, August 9th. Barrington Research reaffirmed an "outperform" rating and set a $29.00 target price on shares of Kelly Services in a research report on Friday, September 27th.
View Our Latest Stock Analysis on Kelly Services
About Kelly Services
(
Get Free Report)
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.
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