Kelly Services (NASDAQ:KELYB) Releases Earnings Results, Misses Expectations By $0.27 EPS

Kelly Services (NASDAQ:KELYB) released its quarterly earnings data on Thursday. The business services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.27), RTT News reports. The firm had revenue of $1.34 billion for the quarter. Kelly Services had a return on equity of 7.66% and a net margin of 1.32%. During the same quarter last year, the firm earned $0.87 earnings per share.

NASDAQ KELYB traded up $2.10 on Friday, reaching $19.10. The company had a trading volume of 108 shares, compared to its average volume of 160. The firm has a market capitalization of $665.05 million, a price-to-earnings ratio of 10.67 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. Kelly Services has a 1-year low of $16.21 and a 1-year high of $29.43. The company’s fifty day moving average is $20.33 and its 200-day moving average is $24.28.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, February 24th will be given a $0.075 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.30 annualized dividend and a yield of 1.57%.

Several analysts have commented on the stock. ValuEngine upgraded shares of Kelly Services from a “sell” rating to a “hold” rating in a report on Friday, November 1st. TheStreet cut shares of Kelly Services from a “b” rating to a “c+” rating in a report on Wednesday, November 6th.

About Kelly Services

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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Earnings History for Kelly Services (NASDAQ:KELYB)

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