Kelly Services (NASDAQ:KELYA) Posts Earnings Results, Misses Estimates By $0.23 EPS

Kelly Services (NASDAQ:KELYA) released its quarterly earnings results on Thursday. The business services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23), Briefing.com reports. Kelly Services had a return on equity of 7.82% and a net margin of 1.09%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis.

Kelly Services Stock Down 9.9 %

NASDAQ KELYA traded down $1.80 during trading hours on Friday, hitting $16.34. The company’s stock had a trading volume of 340,529 shares, compared to its average volume of 223,902. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.16. The company’s 50-day simple moving average is $20.55 and its two-hundred day simple moving average is $21.40. The company has a market capitalization of $581.18 million, a PE ratio of 15.01, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. Kelly Services has a 52 week low of $16.26 and a 52 week high of $25.27.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, November 20th. Kelly Services’s dividend payout ratio (DPR) is 26.09%.

Analyst Upgrades and Downgrades

A number of research firms have commented on KELYA. StockNews.com lowered Kelly Services from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price target on shares of Kelly Services in a research note on Friday, September 27th.

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.