Kelly Services, Inc. (NASDAQ:KELYA) Declares $0.08 Quarterly Dividend

Kelly Services, Inc. (NASDAQ:KELYA) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Wednesday, November 20th will be given a dividend of 0.075 per share by the business services provider on Thursday, December 5th. This represents a $0.30 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Tuesday, November 19th.

KELYA stock opened at $21.18 on Monday. The business has a fifty day moving average price of $23.27 and a 200 day moving average price of $24.87. Kelly Services has a fifty-two week low of $19.21 and a fifty-two week high of $28.91. The stock has a market capitalization of $824.66 million, a price-to-earnings ratio of 9.33 and a beta of 0.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.09). The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.34 billion. Kelly Services had a net margin of 1.32% and a return on equity of 7.66%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 earnings per share. On average, equities analysts expect that Kelly Services will post 2.17 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on KELYA shares. BidaskClub lowered Kelly Services from a “sell” rating to a “strong sell” rating in a research report on Saturday. Northcoast Research lowered Kelly Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 28th. Noble Financial set a $32.00 price target on Kelly Services and gave the stock a “buy” rating in a research report on Friday, September 27th. Zacks Investment Research lowered Kelly Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 9th. Finally, TheStreet lowered Kelly Services from a “b” rating to a “c+” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $29.50.

In other Kelly Services news, CEO George S. Corona sold 29,110 shares of Kelly Services stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $25.18, for a total value of $732,989.80. Following the sale, the chief executive officer now owns 213,311 shares of the company’s stock, valued at approximately $5,371,170.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.20% of the company’s stock.

Kelly Services Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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Dividend History for Kelly Services (NASDAQ:KELYA)

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