Kelly Services, Inc. (NASDAQ:KELYA) Declares Quarterly Dividend of $0.07

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.0750 per share by the business services provider on Wednesday, December 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, November 18th.

Kelly Services has raised its dividend payment by an average of 0.3% annually over the last three years. Kelly Services has a payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 16.9%

NASDAQ:KELYA opened at $14.05 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.50. Kelly Services has a 1-year low of $7.98 and a 1-year high of $17.75. The company has a 50-day moving average of $16.22 and a 200 day moving average of $12.62. The firm has a market cap of $487.98 million, a PE ratio of -1.80, a price-to-earnings-growth ratio of 1.18 and a beta of 0.93.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, November 5th. The business services provider reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The business had revenue of $927.20 million for the quarter, compared to the consensus estimate of $925.87 million. As a group, research analysts anticipate that Kelly Services will post 1.10 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KELYA has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Barrington Research boosted their price objective 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. Finally, Weiss Ratings upgraded Kelly Services from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.00.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting, and talent-management services to employers. The company helps organizations address temporary, contract, direct-hire, and outsourced workforce needs across a range of industries and skill levels.

Its offerings include professional and industrial staffing, office and administrative support, science and engineering talent, education staffing, contact-center solutions, and workforce outsourcing and consulting.