Kelly Services (NASDAQ:KELYB) Shares Gap Down – Here’s What Happened

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $23.19, but opened at $21.80. Kelly Services shares last traded at $24.8430, with a volume of 765 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Kelly Services from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kelly Services presently has an average rating of “Sell”.

Check Out Our Latest Analysis on KELYB

Kelly Services Trading Up 7.1%

The business has a fifty day moving average of $21.87 and a 200-day moving average of $18.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $862.87 million, a P/E ratio of -3.18 and a beta of 0.82.

Kelly Services (NASDAQ:KELYBGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 19th. Kelly Services’s dividend payout ratio (DPR) is currently -3.84%.

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.

Recommended Stories

Receive News & Ratings for Kelly Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelly Services and related companies with MarketBeat.com's FREE daily email newsletter.