Kelly Services (NASDAQ:KELYA) Releases Earnings Results, Beats Expectations By $0.38 EPS

Kelly Services (NASDAQ:KELYA) released its earnings results on Thursday. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.38, Zacks reports. Kelly Services had a return on equity of 6.93% and a net margin of 0.97%. The firm had revenue of $1,191,100 billion during the quarter, compared to the consensus estimate of $1.15 billion.

Kelly Services Stock Down 0.8 %

Shares of KELYA stock traded down $0.11 during trading hours on Friday, reaching $14.14. The company had a trading volume of 374,805 shares, compared to its average volume of 261,028. Kelly Services has a 12 month low of $12.68 and a 12 month high of $25.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.61. The business has a fifty day simple moving average of $13.81 and a 200-day simple moving average of $17.41. The company has a market cap of $503.53 million, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.40 and a beta of 1.11.

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. Kelly Services’s dividend payout ratio is presently 26.09%.

Insider Buying and Selling

In other Kelly Services news, SVP Daniel H. Malan bought 3,500 shares of Kelly Services stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of $13.88 per share, for a total transaction of $48,580.00. Following the completion of the transaction, the senior vice president now directly owns 95,906 shares in the company, valued at $1,331,175.28. This represents a 3.79 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 3.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Kelly Services in a research report on Wednesday.

Kelly Services Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.