Kelly Services (NASDAQ:KELYB) Shares Gap Up – What’s Next?

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $19.50, but opened at $20.51. Kelly Services shares last traded at $21.1550, with a volume of 893 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on Kelly Services

Kelly Services Trading Down 3.4%

The firm has a 50 day moving average of $17.82 and a 200 day moving average of $14.88. The firm has a market cap of $733.44 million, a PE ratio of -2.78 and a beta of 0.81. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13.

Kelly Services (NASDAQ:KELYBGet Free Report) last issued its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 annualized dividend and a yield of 1.4%. Kelly Services’s dividend payout ratio is -3.95%.

Kelly Services Company Profile

(Get Free Report)

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.

Further Reading

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