Kelly Services (NASDAQ:KELYB) Shares Gap Down – Here’s Why

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $22.88, but opened at $21.80. Kelly Services shares last traded at $22.8770, with a volume of 341 shares changing hands.

Analyst Ratings Changes

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

Get Our Latest Stock Report on KELYB

Kelly Services Stock Performance

The company has a market capitalization of $795.65 million, a P/E ratio of -3.02 and a beta of 0.81. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average is $18.85 and its two-hundred day moving average is $15.65.

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

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, May 18th. Kelly Services’s dividend payout ratio is presently -3.95%.

Kelly Services Company Profile

(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.

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