Somewhat Positive Press Coverage Somewhat Unlikely to Impact Kelly Services (KELYA) Share Price
News coverage about Kelly Services (NASDAQ:KELYA) has trended somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kelly Services earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 44.8226120245933 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Kelly Services (NASDAQ:KELYA) opened at $27.82 on Friday. The stock has a market capitalization of $1,063.99, a PE ratio of 14.57 and a beta of 1.11. Kelly Services has a 12-month low of $20.27 and a 12-month high of $30.93.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.27. Kelly Services had a return on equity of 7.25% and a net margin of 1.44%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $0.44 EPS. Kelly Services’s quarterly revenue was up 6.5% compared to the same quarter last year. equities research analysts forecast that Kelly Services will post 2.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd were given a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.30 annualized dividend and a dividend yield of 1.08%. Kelly Services’s dividend payout ratio is presently 15.71%.
Several analysts have weighed in on the company. Zacks Investment Research raised Kelly Services from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a report on Tuesday, November 14th. BidaskClub cut Kelly Services from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th.
In other Kelly Services news, Director Jane E. Dutton sold 6,900 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $29.05, for a total value of $200,445.00. Following the sale, the director now owns 24,180 shares in the company, valued at approximately $702,429. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George S. Corona sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $28.06, for a total value of $84,180.00. Following the completion of the sale, the chief executive officer now owns 193,473 shares in the company, valued at approximately $5,428,852.38. The disclosure for this sale can be found here. Insiders sold a total of 17,400 shares of company stock valued at $499,800 over the last quarter. 16.10% of the stock is owned by insiders.
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Kelly Services Company Profile
Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).
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