Kelly Services, Inc. (NASDAQ:KELYA – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 737,600 shares, a decline of 11.8% from the May 31st total of 836,400 shares. Based on an average daily trading volume, of 231,500 shares, the short-interest ratio is presently 3.2 days. Currently, 2.4% of the shares of the company are sold short.
Analyst Ratings Changes
Separately, Barrington Research reissued an “outperform” rating and set a $29.00 target price on shares of Kelly Services in a report on Tuesday, May 28th.
Check Out Our Latest Report on Kelly Services
Hedge Funds Weigh In On Kelly Services
Kelly Services Price Performance
KELYA traded up $0.26 on Wednesday, reaching $21.59. 49,985 shares of the company’s stock were exchanged, compared to its average volume of 239,255. The stock has a market cap of $766.88 million, a PE ratio of 15.35, a P/E/G ratio of 0.77 and a beta of 1.22. Kelly Services has a twelve month low of $16.80 and a twelve month high of $25.27. The stock’s fifty day moving average price is $22.26 and its 200-day moving average price is $22.47.
Kelly Services (NASDAQ:KELYA – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Kelly Services had a net margin of 1.11% and a return on equity of 6.87%. As a group, research analysts predict that Kelly Services will post 2.13 earnings per share for the current fiscal year.
Kelly Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were issued a $0.075 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.30 annualized dividend and a yield of 1.39%. Kelly Services’s payout ratio is 21.58%.
About Kelly Services
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.
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