Kelly Services (NASDAQ:KELYA) Releases Quarterly Earnings Results, Beats Expectations By $0.38 EPS

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

Kelly Services Price Performance

Shares of NASDAQ:KELYA traded up $1.07 during midday trading on Thursday, reaching $14.36. 375,521 shares of the company’s stock were exchanged, compared to its average volume of 309,936. 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 company’s 50 day simple moving average is $13.81 and its two-hundred day simple moving average is $17.50. Kelly Services has a 12 month low of $12.68 and a 12 month high of $25.27. The firm has a market capitalization of $511.32 million, a PE ratio of 12.46, a price-to-earnings-growth ratio of 0.40 and a beta of 1.11.

Insider Activity at Kelly Services

In related news, SVP Daniel H. Malan acquired 3,500 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of $13.88 per share, for a total transaction 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. The trade was a 3.79 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective 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.