Kelly Services (NASDAQ:KELYA) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Kelly Services (NASDAQ:KELYA) announced its quarterly earnings data on Thursday. The business services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.15, Briefing.com reports. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Kelly Services had a return on equity of 6.87% and a net margin of 1.11%. The company’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS.

Kelly Services Price Performance

KELYA stock opened at $19.43 on Monday. Kelly Services has a 1 year low of $16.85 and a 1 year high of $25.27. The stock has a market cap of $690.19 million, a price-to-earnings ratio of 13.98, a P/E/G ratio of 0.80 and a beta of 1.21. The company has a 50 day simple moving average of $21.65 and a 200 day simple moving average of $22.63.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.30 annualized dividend and a dividend yield of 1.54%. Kelly Services’s payout ratio is 21.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Kelly Services from a “buy” rating to a “hold” rating in a research note on Friday. Barrington Research reissued an “outperform” rating and set a $29.00 price target on shares of Kelly Services in a research report on Tuesday, May 28th.

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.