Kelly Services (NASDAQ:KELYB) Issues Quarterly Earnings Results, Misses Estimates By $0.27 EPS

Kelly Services (NASDAQ:KELYB) issued its quarterly earnings data on Thursday. The business services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.27), RTT News reports. The business had revenue of $1.34 billion for the quarter. Kelly Services had a net margin of 1.32% and a return on equity of 7.66%. During the same quarter in the previous year, the firm posted $0.87 earnings per share.

KELYB stock traded up $2.10 during midday trading on Friday, hitting $19.10. 108 shares of the company traded hands, compared to its average volume of 160. Kelly Services has a twelve month low of $16.21 and a twelve month high of $29.43. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The business has a 50 day simple moving average of $20.33 and a 200-day simple moving average of $24.28. The stock has a market capitalization of $665.05 million, a price-to-earnings ratio of 10.67 and a beta of 0.50.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, February 21st. This represents a $0.30 annualized dividend and a yield of 1.57%.

Several brokerages recently weighed in on KELYB. ValuEngine raised shares of Kelly Services from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. TheStreet downgraded Kelly Services from a “b” rating to a “c+” rating in a report on Wednesday, November 6th.

About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

See Also: How is the LIBOR rate calculated?

Earnings History for Kelly Services (NASDAQ:KELYB)

Receive News & Ratings for Kelly Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelly Services and related companies with MarketBeat.com's FREE daily email newsletter.