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Kelly Services (NASDAQ:KELYA) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Friday.

The analysts wrote, “Kelly Services (KELYA) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.”

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Kelly Services from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $21.30 price target on the stock.

Kelly Services (NASDAQ:KELYA) traded down 1.00% during mid-day trading on Friday, hitting $17.76. The stock had a trading volume of 169,823 shares. Kelly Services has a 52 week low of $16.83 and a 52 week high of $26.17. The stock has a 50-day moving average of $19.90 and a 200-day moving average of $22.90. The company has a market cap of $664.7 million and a price-to-earnings ratio of 14.19.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.08. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $0.34 earnings per share. Kelly Services’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Kelly Services will post $0.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 3rd. Investors of record on Monday, May 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 15th.

Kelly Services, Inc (NASDAQ:KELYA) is a global workforce solutions provider operating throughout the world.

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