Kelly Services, Inc. (KELYA) To Go Ex-Dividend on May 18th

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, May 18th will be given a dividend of 0.075 per share by the business services provider on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, May 18th.

Kelly Services has increased its dividend by an average of 0.3%per year over the last three years. Kelly Services has a dividend payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kelly Services to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 15.5%.

Kelly Services Trading Down 2.1%

NASDAQ:KELYA opened at $9.60 on Friday. Kelly Services has a 12 month low of $7.98 and a 12 month high of $14.94. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $328.44 million, a PE ratio of -1.26, a price-to-earnings-growth ratio of 0.74 and a beta of 0.79. The firm’s 50 day moving average is $9.15 and its 200 day moving average is $9.38.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Sell-side analysts expect that Kelly Services will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KELYA. Barrington Research reduced their price objective on shares of Kelly Services from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Zacks Research upgraded shares of Kelly Services from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings downgraded shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. Finally, Wall Street Zen upgraded Kelly Services from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.00.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.