Kelly Services (NASDAQ:KELYB) Shares Gap Up – Still a Buy?

Kelly Services, Inc. (NASDAQ:KELYB)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $22.19, but opened at $23.29. Kelly Services shares last traded at $22.7950, with a volume of 10,800 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Kelly Services from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, September 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kelly Services currently has a consensus rating of “Sell”.

Kelly Services Trading Up 2.8%

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 firm has a market cap of $792.02 million, a price-to-earnings ratio of -2.92 and a beta of 0.85. The business has a fifty day simple moving average of $22.73 and a 200-day simple moving average of $19.29.

Kelly Services (NASDAQ:KELYB) 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. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion.

Kelly Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, August 19th. Kelly Services’s dividend payout ratio (DPR) is -3.84%.

About Kelly Services

Kelly Services, Inc is a workforce solutions and staffing company that connects employers with workers across a range of industries and skill levels. The company provides temporary, contract, temp-to-hire and direct-hire staffing, along with workforce management and outsourcing services.

Its business serves several specialized markets, including education, science and engineering, professional and industrial staffing, and office and administrative support. Kelly also offers recruiting, talent management, payroll and compliance support, and other services designed to help organizations manage contingent and permanent workforces.

Founded in Detroit in 1946 by William Russell Kelly, the company is recognized as one of the pioneers of the temporary staffing industry.