Kelly Services (NASDAQ:KELYB) Shares Down 9.1% – What’s Next?

Kelly Services, Inc. (NASDAQ:KELYB)’s stock price fell 9.1% during trading on Monday . The stock traded as low as $22.60 and last traded at $20.00. 667 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 34,810 shares. The stock had previously closed at $22.00.

Analysts Set New Price Targets

Separately, Weiss Ratings cut 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 company has an average rating of “Sell”.

Kelly Services Price Performance

The company has a market capitalization of $693.40 million, a price-to-earnings ratio of -2.63 and a beta of 0.81. The business has a 50 day moving average price of $18.16 and a 200-day moving average price of $15.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, May 18th. Kelly Services’s dividend payout ratio is presently -3.95%.

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.