Kelly Services Stock Rating Lowered by Zacks (KELYA)
Kelly Services (NASDAQ:KELYA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday. They currently have a $14.80 target price on the stock. Zacks‘s price target indicates a potential downside of 4.82% from the company’s current price.
In other Kelly Services news, COO George S. Corona unloaded 21,234 shares of the stock on the open market in a transaction dated Friday, August 8th. The stock was sold at an average price of $15.59, for a total transaction of $331,038.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 up 1.86% on Tuesday, hitting $15.84. The stock had a trading volume of 189,310 shares. Kelly Services has a 52 week low of $14.86 and a 52 week 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 $595.3 million and a P/E ratio of 14.47.
Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue 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 declared a quarterly dividend, which is scheduled for Monday, September 8th. Investors of record on Monday, August 18th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, August 14th.
Kelly Services, Inc (NASDAQ:KELYA) is a global workforce solutions provider operating throughout the world.
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