Kelly Services (NASDAQ:KELYB) Releases Earnings Results, Beats Expectations By $0.19 EPS

Kelly Services (NASDAQ:KELYB) posted its earnings results on Thursday. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19, Zacks reports. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%.

Kelly Services Price Performance

KELYB stock traded down $0.94 during midday trading on Friday, reaching $22.20. 281 shares of the stock were exchanged, compared to its average volume of 953. The company has a fifty day moving average price of $21.15 and a 200 day moving average price of $17.49. Kelly Services has a 52 week low of $8.38 and a 52 week high of $125.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.59. The stock has a market capitalization of $769.50 million, a PE ratio of -2.84 and a beta of 0.82.

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.4%. Kelly Services’s dividend payout ratio is -3.95%.

Wall Street Analysts Forecast Growth

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

About Kelly Services

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.