Kelly Services (NASDAQ:KELYB) Shares Gap Up – What’s Next?

Shares of Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $15.89, but opened at $16.61. Kelly Services shares last traded at $17.8090, with a volume of 936 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

View Our Latest Analysis on KELYB

Kelly Services Trading Up 4.5%

The business has a 50 day moving average price of $15.04 and a 200-day moving average price of $12.88. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The firm has a market cap of $575.52 million, a price-to-earnings ratio of -2.18 and a beta of 0.71.

Kelly Services (NASDAQ:KELYBGet Free Report) last posted its earnings results on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be paid a dividend of $0.075 per share. The ex-dividend date is Monday, May 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.8%. Kelly Services’s dividend payout ratio (DPR) is currently -3.95%.

Kelly Services Company Profile

(Get Free Report)

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.

Further Reading

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