Kelly Services (NASDAQ:KELYB) Shares Gap Up – Time to Buy?

Shares of Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $18.70, but opened at $19.65. Kelly Services shares last traded at $19.5430, with a volume of 3,024 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kelly Services currently has an average rating of “Sell”.

Check Out Our Latest Analysis on KELYB

Kelly Services Stock Up 7.5%

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market cap of $697.05 million, a price-to-earnings ratio of -2.65 and a beta of 0.71. The firm has a 50 day moving average price of $15.47 and a 200-day moving average price of $13.17.

Kelly Services (NASDAQ:KELYBGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion.

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 paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, May 18th. Kelly Services’s dividend payout ratio is -3.95%.

About Kelly Services

(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.

Further Reading

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