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

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

Kelly Services Price Performance

KELYA stock opened at $16.52 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Kelly Services has a 12 month low of $16.23 and a 12 month high of $25.27. The firm has a market cap of $587.62 million, a P/E ratio of 12.61, a P/E/G ratio of 0.69 and a beta of 1.20. The company’s 50-day moving average price is $20.46 and its two-hundred day moving average price is $21.35.

Kelly Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KELYA shares. Barrington Research restated an “outperform” rating and set a $29.00 target price on shares of Kelly Services in a report on Friday, September 27th. StockNews.com cut shares of 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.