Kelly Services (NASDAQ:KELYB) Posts Earnings Results, Beats Estimates By $0.19 EPS

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

Kelly Services Stock Performance

KELYB stock traded down $0.94 during midday trading on Friday, reaching $22.20. 281 shares of the company’s stock traded hands, compared to its average volume of 953. The firm has a market capitalization of $769.50 million, a PE ratio of -2.84 and a beta of 0.82. The company has a 50-day moving average price of $21.15 and a two-hundred 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 quick ratio of 1.59 and a current ratio of 1.50.

Kelly Services Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently 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.