Kelly Services Inc. (KELYA) Shares Down 0.7%
Shares of Kelly Services Inc. (NASDAQ:KELYA) fell 0.7% during trading on Monday . The company traded as low as $19.25 and last traded at $19.34, with a volume of 64,512 shares trading hands. The stock had previously closed at $19.48.
Separately, Zacks Investment Research raised Kelly Services from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st.
The company has a market capitalization of $735.58 million and a P/E ratio of 11.88. The company’s 50 day moving average price is $20.02 and its 200 day moving average price is $18.91.
Kelly Services (NASDAQ:KELYA) last released its earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.02. The business earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company posted $0.18 EPS. The firm’s revenue was down .7% on a year-over-year basis. Equities analysts predict that Kelly Services Inc. will post $1.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Tuesday, August 23rd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, August 19th.
In other news, SVP Peter Quigley sold 13,179 shares of Kelly Services stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $19.23, for a total transaction of $253,432.17. Following the sale, the senior vice president now directly owns 99,224 shares of the company’s stock, valued at $1,908,077.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Conrad L. Mallett, Jr. sold 1,792 shares of Kelly Services stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $19.55, for a total value of $35,033.60. Following the sale, the director now directly owns 14,351 shares in the company, valued at $280,562.05. The disclosure for this sale can be found here.
Kelly Services, Inc is a workforce solutions provider. The Company provides workforce solutions in over three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). It operates in seven segments: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG).
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