Kelly Services (NASDAQ:KELYA) Issues Quarterly Earnings Results, Beats Estimates By $0.38 EPS

Kelly Services (NASDAQ:KELYA) posted its quarterly earnings results on Thursday. The business services provider reported $0.82 earnings per share for the quarter, beating 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 Price Performance

Shares of NASDAQ:KELYA opened at $14.14 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $503.53 million, a PE ratio of 12.30, a P/E/G ratio of 0.40 and a beta of 1.11. Kelly Services has a twelve month low of $12.68 and a twelve month high of $25.27. The company has a 50-day moving average price of $13.81 and a two-hundred day moving average price of $17.41.

Kelly Services Announces Dividend

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

Insiders Place Their Bets

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

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Kelly Services in a research report 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.