Kelly Services (NASDAQ:KELYB) Stock Price Passes Above Two Hundred Day Moving Average Following Weak Earnings

Kelly Services, Inc. (NASDAQ:KELYB)’s share price passed above its two hundred day moving average during trading on Friday following a stronger than expected earnings report. The stock has a two hundred day moving average of $12.69 and traded as high as $16.00. Kelly Services shares last traded at $15.90, with a volume of 2,869 shares trading hands.

The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). 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 during the quarter, compared to the consensus estimate of $1.02 billion.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.9%. Kelly Services’s dividend payout ratio (DPR) is -4.13%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kelly Services in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Kelly Services Stock Performance

The company’s 50-day simple moving average is $14.90 and its 200-day simple moving average is $12.69. The stock has a market capitalization of $543.94 million, a price-to-earnings ratio of -2.09 and a beta of 0.71. The company has a current ratio of 1.59, a quick ratio of 1.54 and a debt-to-equity ratio of 0.13.

Kelly Services Company Profile

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.