Kelly Services’ (KELYA) “Outperform” Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Kelly Services (NASDAQ:KELYA) in a research note published on Tuesday morning,Benzinga reports. They currently have a $25.00 target price on the business services provider’s stock.

Kelly Services Trading Up 1.0 %

NASDAQ KELYA opened at $13.69 on Tuesday. Kelly Services has a twelve month low of $12.68 and a twelve month high of $25.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market cap of $487.50 million, a price-to-earnings ratio of -228.13, a PEG ratio of 0.42 and a beta of 1.11. The firm’s 50 day moving average price is $13.76 and its two-hundred day moving average price is $17.16.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.38. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. Equities analysts anticipate that Kelly Services will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, February 26th. Kelly Services’s dividend payout ratio (DPR) is currently -499.92%.

Institutional Investors Weigh In On Kelly Services

Several institutional investors and hedge funds have recently modified their holdings of KELYA. SG Americas Securities LLC acquired a new stake in shares of Kelly Services in the 3rd quarter valued at $196,000. Creative Planning acquired a new stake in shares of Kelly Services in the 3rd quarter valued at $203,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Kelly Services by 1,730.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 234,057 shares of the business services provider’s stock valued at $5,011,000 after purchasing an additional 221,271 shares during the last quarter. US Bancorp DE lifted its stake in shares of Kelly Services by 9.3% in the 3rd quarter. US Bancorp DE now owns 10,135 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 866 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new stake in shares of Kelly Services in the 3rd quarter valued at $243,000. Institutional investors and hedge funds own 76.34% 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.