Kelly Services (NASDAQ:KELYA) Releases Quarterly Earnings Results

Kelly Services (NASDAQ:KELYA) issued its quarterly earnings results on Thursday. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.38, Zacks reports. Kelly Services had a return on equity of 6.93% and a net margin of 0.97%.

Kelly Services Stock Up 2.7 %

KELYA traded up $0.36 during trading on Thursday, reaching $13.65. 209,203 shares of the stock were exchanged, compared to its average volume of 303,466. The stock has a market cap of $486.08 million, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 0.40 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.61 and a current ratio of 1.61. The stock’s 50 day moving average price is $13.81 and its two-hundred day moving average price is $17.50. Kelly Services has a twelve month low of $12.68 and a twelve month high of $25.27.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Kelly Services in a research report on Wednesday.

Insider Activity

In other Kelly Services news, SVP Daniel H. Malan acquired 3,500 shares of Kelly Services stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $13.88 per share, with a total value of $48,580.00. Following the completion of the purchase, the senior vice president now directly owns 95,906 shares of the company’s stock, valued at $1,331,175.28. This represents a 3.79 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.90% of the company’s stock.

About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.