Kelly Services (NASDAQ:KELYB) Share Price Passes Above 200 Day Moving Average Following Weak Earnings

Key Points

• Kelly Services stock moved above its 200-day moving average after the company reported quarterly results, with shares trading as high as $16.00 and last changing hands at $15.90.
• The company posted EPS of $0.03, which missed expectations of $0.06, while revenue of $1.04 billion slightly topped the $1.02 billion consensus estimate.
• Kelly Services also declared a quarterly dividend of $0.075 per share, and the stock currently carries a Sell consensus rating from analysts.

Kelly Services, Inc. (NASDAQ:KELYB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday after the company announced better than expected quarterly earnings. The stock has a 200-day moving average of $12.69 and traded as high as $16.00. Kelly Services shares last traded at $15.90, with a volume of 2,869 shares.

The business services provider reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th 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 1.9%. The ex-dividend date of this dividend is Monday, May 18th. Kelly Services's dividend payout ratio is -4.13%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Kelly Services in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of "Sell".

Kelly Services Stock Performance

The stock has a market cap of $543.94 million, a price-to-earnings ratio of -2.09 and a beta of 0.71. The company has a quick ratio of 1.54, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $14.90 and a 200 day simple moving average of $12.69.

Kelly Services Company Profile

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.

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