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

Kelly Services (NASDAQ:KELYA) announced its quarterly earnings results on Thursday. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23), Briefing.com reports. Kelly Services had a net margin of 1.09% and a return on equity of 7.82%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted $0.50 earnings per share. The company’s revenue was down 7.1% compared to the same quarter last year.

Kelly Services Price Performance

NASDAQ:KELYA opened at $16.52 on Friday. Kelly Services has a 12 month low of $16.23 and a 12 month high of $25.27. The stock has a 50 day moving average of $20.46 and a two-hundred day moving average of $21.37. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.16. The firm has a market cap of $587.62 million, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 0.69 and a beta of 1.20.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.30 annualized dividend and a yield of 1.82%. Kelly Services’s dividend payout ratio (DPR) is currently 22.90%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $29.00 target price on shares of Kelly Services in a research note on Friday, September 27th. StockNews.com downgraded Kelly Services from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.

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.