Kelly Services (NASDAQ:KELYA) Announces Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Kelly Services (NASDAQ:KELYA) announced its quarterly earnings data on Thursday. The business services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted $0.50 EPS. Kelly Services’s revenue for the quarter was down 7.1% compared to the same quarter last year.

Kelly Services Trading Down 9.6 %

Shares of KELYA stock traded down $1.75 during trading hours on Friday, reaching $16.39. 389,661 shares of the stock were exchanged, compared to its average volume of 224,128. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $582.96 million, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. Kelly Services has a 12-month low of $16.26 and a 12-month high of $25.27. The company’s 50-day moving average price is $20.55 and its 200-day moving average price is $21.40.

Kelly Services Dividend Announcement

The company also recently disclosed 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. This represents a $0.30 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Wednesday, November 20th. Kelly Services’s dividend payout ratio (DPR) is 26.09%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Barrington Research reissued an “outperform” rating and issued a $29.00 target price 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.