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

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $19.50, but opened at $20.51. Kelly Services shares last traded at $21.1550, with a volume of 893 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Get Our Latest Analysis on KELYB

Kelly Services Stock Down 3.4%

The company has a market cap of $733.44 million, a P/E ratio of -2.78 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a fifty day moving average price of $17.82 and a two-hundred day moving average price of $14.88.

Kelly Services (NASDAQ:KELYBGet Free Report) last released its quarterly 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). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%.

Kelly Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a dividend of $0.075 per share. The ex-dividend date was Monday, May 18th. This represents a $0.30 annualized dividend and a yield of 1.4%. Kelly Services’s payout ratio is -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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