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 direct-hire services in the areas of office, professional, light industrial, and contact center specialties. The Science, Engineering & Technology segment offers staffing, outcome-based, and direct-hire services in the areas of science and clinical research, engineering, information technology, and telecommunications specialties. The Education segment provides staffing and executive search services to early childhood, and higher education markets. The Outsourcing & Consulting segment offers recruitment process outsourcing (RPO), payroll process outsourcing, and talent advisory services, as well as managed services. The International segment provides staffing, RPO, and direct-hire services in Europe and Mexico. The company serves customers in the United States, Canada, Mexico, Puerto Rico, France, Switzerland, Portugal, Russia, the United Kingdom, Italy, Germany, Ireland, rest of Europe, and the Asia-Pacific region. Kelly Services, Inc. was founded in 1946 and is headquartered in Troy, Michigan.
Analyst Ratings Changes
Separately, Barrington Research reaffirmed an "outperform" rating on shares of Kelly Services in a research note on Friday, May 27th.
Kelly Services Price Performance
Kelly Services stock traded down $1.63 during midday trading on Friday, hitting $18.41. 464,458 shares of the stock were exchanged, compared to its average volume of 181,024. The firm has a market cap of $698.07 million, a P/E ratio of 9.02, a P/E/G ratio of 0.94 and a beta of 0.97. Kelly Services has a 1 year low of $15.89 and a 1 year high of $23.55. The company has a 50 day moving average price of $19.96 and a two-hundred day moving average price of $20.01.
Kelly Services (NASDAQ:KELYA - Get Rating) last announced its quarterly earnings data on Thursday, August 11th. The business services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. Kelly Services had a return on equity of 5.71% and a net margin of 1.66%. Kelly Services's revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. As a group, analysts predict that Kelly Services will post 1.83 EPS for the current year.
Kelly Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 24th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, August 23rd. Kelly Services's dividend payout ratio is currently 14.71%.