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

Kelly Services (NASDAQ:KELYA) released its quarterly earnings data on Thursday. The business services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company earned $0.50 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year.

Kelly Services Price Performance

Shares of NASDAQ KELYA traded down $1.75 during mid-day trading on Friday, reaching $16.39. The company’s stock had a trading volume of 389,661 shares, compared to its average volume of 224,128. The stock has a market capitalization of $582.96 million, a P/E ratio of 15.01, a P/E/G ratio of 0.63 and a beta of 1.20. Kelly Services has a 1-year low of $16.26 and a 1-year high of $25.27. The stock has a 50-day moving average of $20.55 and a two-hundred day moving average of $21.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.61 and a current ratio of 1.61.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, November 20th. Kelly Services’s dividend payout ratio is currently 26.09%.

Wall Street Analyst Weigh In

Several analysts have weighed in on KELYA shares. StockNews.com downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and set a $29.00 price objective on shares of Kelly Services in a report 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.