Kelly Services COO Unloads $331,038 in Stock (KELYA)
Kelly Services (NASDAQ:KELYA) COO George S. Corona sold 21,234 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $15.59, for a total value of $331,038.06. Following the transaction, the chief operating officer now directly owns 166,949 shares of the company’s stock, valued at approximately $2,602,735. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at TheStreet downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a research note on Friday, May 30th.
Kelly Services (NASDAQ:KELYA) traded down 0.83% during mid-day trading on Monday, hitting $15.55. 733,791 shares of the company’s stock traded hands. Kelly Services has a one year low of $14.86 and a one year high of $26.17. The stock’s 50-day moving average is $16.68 and its 200-day moving average is $20.57. The company has a market cap of $584.4 million and a price-to-earnings ratio of 14.59.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.08. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Kelly Services will post $0.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 8th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, August 14th.
Kelly Services, Inc (NASDAQ:KELYA) is a global workforce solutions provider operating throughout the world.
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