Kelly Services (NASDAQ:KELYB) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Kelly Services (NASDAQ:KELYB) posted its earnings results on Thursday. The business services provider reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01, Zacks reports. The business had revenue of $927.20 million during the quarter, compared to analysts’ expectations of $925.87 million. Kelly Services had a positive return on equity of 2.36% and a negative net margin of 3.08%.

Kelly Services Stock Down 2.2%

Shares of KELYB traded down $0.58 during midday trading on Friday, hitting $26.05. The stock had a trading volume of 907 shares, compared to its average volume of 1,549. The company has a 50 day simple moving average of $23.72 and a two-hundred day simple moving average of $19.45. Kelly Services has a twelve month low of $8.38 and a twelve month high of $125.00. The firm has a market cap of $904.89 million, a price-to-earnings ratio of 40.56 and a beta of 0.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.55 and a quick ratio of 1.50.

Kelly Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be paid a $0.0750 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.2%. Kelly Services’s dividend payout ratio (DPR) is currently -3.84%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Kelly Services from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About Kelly Services

Kelly Services, Inc (NASDAQ: KELYB) is a workforce solutions and staffing company that connects employers with talent across a range of industries and skill levels. Its services include temporary and contract staffing, direct-hire and permanent placement, recruitment process outsourcing, and workforce management solutions.

The company serves organizations through specialized offerings for professional and technical roles, science and engineering, education, office and administrative functions, industrial positions, and other workforce categories.