Kelly Services (NASDAQ:KELYB) Issues Quarterly Earnings Results, Misses Expectations By $0.27 EPS
Kelly Services (NASDAQ:KELYB) released its quarterly earnings results on Thursday. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.27), RTT News reports. Kelly Services had a net margin of 1.32% and a return on equity of 7.66%. The firm had revenue of $1.34 billion during the quarter. During the same period in the previous year, the business earned $0.87 EPS.
NASDAQ:KELYB traded up $2.10 during mid-day trading on Friday, reaching $19.10. 108 shares of the company’s stock were exchanged, compared to its average volume of 160. Kelly Services has a one year low of $16.21 and a one year high of $29.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The business’s fifty day simple moving average is $20.33 and its two-hundred day simple moving average is $24.28. The firm has a market capitalization of $665.05 million, a PE ratio of 10.67 and a beta of 0.50.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, February 24th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, February 21st.
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.
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