Kelly Services (NASDAQ:KELYA) Issues Quarterly Earnings Results, Beats Estimates By $0.38 EPS

Kelly Services (NASDAQ:KELYA) released its quarterly earnings data on Thursday. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.38, Zacks reports. The business had revenue of $1,191,100 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Kelly Services had a return on equity of 6.93% and a net margin of 0.97%.

Kelly Services Price Performance

Shares of Kelly Services stock traded down $0.11 during trading on Friday, reaching $14.14. 374,805 shares of the stock traded hands, compared to its average volume of 261,028. The company has a market capitalization of $503.53 million, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.40 and a beta of 1.11. The business has a fifty day simple moving average of $13.81 and a two-hundred day simple moving average of $17.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.61. Kelly Services has a 52-week low of $12.68 and a 52-week high of $25.27.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. Kelly Services’s payout ratio is 26.09%.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of Kelly Services in a report on Wednesday.

Insider Activity

In other news, SVP Daniel H. Malan bought 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of $13.88 per share, with a total value of $48,580.00. Following the transaction, the senior vice president now directly owns 95,906 shares in the company, valued at approximately $1,331,175.28. The trade was a 3.79 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.90% of the company’s stock.

Kelly Services Company Profile

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.