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

Kelly Services (NASDAQ:KELYA) released its quarterly earnings results on Thursday. The business services provider reported $0.21 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. The company’s quarterly revenue was down 7.1% on a year-over-year basis.

Kelly Services Trading Down 8.9 %

NASDAQ:KELYA opened at $16.52 on Friday. The firm has a market cap of $587.62 million, a PE ratio of 12.61, a price-to-earnings-growth ratio of 0.69 and a beta of 1.20. The stock has a fifty day moving average price of $20.46 and a 200 day moving average price of $21.37. Kelly Services has a 12-month low of $16.23 and a 12-month high of $25.27. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.16.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.30 dividend on an annualized basis and a yield of 1.82%. Kelly Services’s dividend payout ratio (DPR) is presently 22.90%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KELYA. StockNews.com cut Kelly Services from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of Kelly Services in a research note on Friday, September 27th.

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.