Kelly Services, Inc. (NASDAQ:KELYA – Get Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.30 and traded as high as $16.66. Kelly Services shares last traded at $16.59, with a volume of 183,470 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Barrington Research lowered their price objective on shares of Kelly Services from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 21st. Northcoast Research cut shares of Kelly Services from a "buy" rating to a "neutral" rating in a research note on Wednesday, December 7th. Finally, StockNews.com started coverage on shares of Kelly Services in a report on Thursday, March 16th. They issued a "hold" rating for the company.
Get Kelly Services alerts:Kelly Services Price Performance
The firm has a market capitalization of $616.65 million, a PE ratio of -10.24, a PEG ratio of 0.90 and a beta of 1.12. The firm has a 50-day simple moving average of $16.96 and a 200-day simple moving average of $16.30.
Kelly Services (NASDAQ:KELYA – Get Rating) last announced its earnings results on Thursday, February 16th. The business services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.13). The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.25 billion. Kelly Services had a negative net margin of 1.26% and a positive return on equity of 4.07%. The company's revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. Equities analysts expect that Kelly Services, Inc. will post 1.38 earnings per share for the current year.
Kelly Services Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Monday, February 27th were given a $0.075 dividend. The ex-dividend date of this dividend was Friday, February 24th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.81%. Kelly Services's dividend payout ratio (DPR) is presently -18.52%.
Institutional Trading of Kelly Services
A number of hedge funds and other institutional investors have recently modified their holdings of KELYA. US Bancorp DE lifted its position in shares of Kelly Services by 16.9% during the 1st quarter. US Bancorp DE now owns 4,185 shares of the business services provider's stock worth $91,000 after buying an additional 606 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Kelly Services by 3.0% during the second quarter. Sei Investments Co. now owns 20,670 shares of the business services provider's stock valued at $393,000 after acquiring an additional 609 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Kelly Services by 4.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 13,102 shares of the business services provider's stock worth $221,000 after acquiring an additional 612 shares during the last quarter. Boston Partners boosted its stake in Kelly Services by 2.0% in the 3rd quarter. Boston Partners now owns 35,131 shares of the business services provider's stock worth $477,000 after buying an additional 704 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Kelly Services by 21.5% during the 2nd quarter. Captrust Financial Advisors now owns 4,141 shares of the business services provider's stock worth $82,000 after buying an additional 734 shares during the last quarter. 74.86% of the stock is owned by institutional investors and hedge funds.
About Kelly Services
(Get Rating)
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.
Read More
- Get a free copy of the StockNews.com research report on Kelly Services (KELYA)
- What is a Gold IRA, and is it a Viable Investment?
- Is Braze, Inc Ready To Rocket Higher?
- Mullen Automotive Makes Deliveries; Short-Squeeze Possible
- Can Frontline Maintain This Momentum?
- Walmart Shares Jump on Evercore Analyst Upgrade
Receive News & Ratings for Kelly Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelly Services and related companies with MarketBeat.com's FREE daily email newsletter.