Kelly Services (NASDAQ:KELYA) Posts Earnings Results

Kelly Services (NASDAQ:KELYA) issued its quarterly earnings results on Thursday. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate 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 Trading Up 0.3 %

Kelly Services stock traded up $0.05 during trading hours on Friday, reaching $14.30. 91,720 shares of the company’s stock were exchanged, compared to its average volume of 314,251. The firm has a market capitalization of $509.04 million, a PE ratio of 12.43, a PEG ratio of 0.40 and a beta of 1.11. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The firm’s 50 day simple moving average is $13.81 and its 200 day simple moving average is $17.50. Kelly Services has a twelve month low of $12.68 and a twelve month high of $25.27.

Insider Activity at Kelly Services

In other Kelly Services news, SVP Daniel H. Malan purchased 3,500 shares of Kelly Services stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $13.88 per share, with a total value of $48,580.00. Following the transaction, the senior vice president now owns 95,906 shares in the company, valued at $1,331,175.28. This trade represents a 3.79 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Kelly Services Company Profile

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.