Kelly Services, Inc. (KELYA) To Go Ex-Dividend on August 19th

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.075 per share by the business services provider on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 19th.

Kelly Services has increased its dividend payment by an average of 0.3%per year over the last three years. Kelly Services has a dividend payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kelly Services to earn $1.83 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 16.4%.

Kelly Services Price Performance

Shares of NASDAQ:KELYA opened at $16.06 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $557.76 million, a P/E ratio of -2.06, a P/E/G ratio of 1.12 and a beta of 0.83. Kelly Services has a 52-week low of $7.98 and a 52-week high of $17.75. The stock’s fifty day simple moving average is $13.78 and its 200-day simple moving average is $11.14.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.During the same quarter last year, the business posted $0.52 EPS. As a group, equities research analysts forecast that Kelly Services will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KELYA has been the subject of several recent analyst reports. Barrington Research lifted their target price on shares of Kelly Services from $15.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Zacks Research raised Kelly Services from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kelly Services in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.00.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.