Kelly Services (NASDAQ:KELYA) Posts Quarterly Earnings Results

Kelly Services (NASDAQ:KELYA) posted its quarterly earnings results on Thursday. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.44 by $0.38, Zacks reports. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%.

Kelly Services Stock Down 0.8 %

Shares of Kelly Services stock opened at $14.14 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.61 and a current ratio of 1.61. Kelly Services has a 52-week low of $12.68 and a 52-week high of $25.27. The stock 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 company’s 50 day moving average price is $13.81 and its 200-day moving average price is $17.41.

Kelly Services Announces Dividend

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

Insider Transactions at Kelly Services

In other news, SVP Daniel H. Malan bought 3,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of $13.88 per share, for a total transaction of $48,580.00. Following the completion of the acquisition, the senior vice president now owns 95,906 shares of the company’s stock, valued at approximately $1,331,175.28. This trade represents a 3.79 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.90% of the company’s stock.

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 research note on Wednesday.

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.