News coverage about Kelly Services (NASDAQ:KELYA) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kelly Services earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.3206803934953 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Kelly Services, Inc. (KELYA) CEO Sells $84,180.00 in Stock (americanbankingnews.com)
- Kelly Services, Inc. (KELYA) Forecasted to Earn FY2017 Earnings of $2.04 Per Share (americanbankingnews.com)
- Edited Transcript of KELYA earnings conference call or presentation 8-Nov-17 2:00pm GMT (finance.yahoo.com)
- Kelly Services, Inc. (KELYA) Releases Quarterly Earnings Results, Beats Expectations By $0.27 EPS (americanbankingnews.com)
- Kelly Services® Reports Third Quarter 2017 Earnings (marketwired.com)
Kelly Services (NASDAQ KELYA) traded up $0.88 during trading hours on Tuesday, hitting $29.05. 360,500 shares of the stock traded hands, compared to its average volume of 124,016. The stock has a market cap of $1,079.14, a price-to-earnings ratio of 14.45 and a beta of 1.06. Kelly Services has a 52-week low of $19.50 and a 52-week high of $29.30.
Kelly Services (NASDAQ:KELYA) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.27. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. Kelly Services had a net margin of 1.44% and a return on equity of 7.25%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. sell-side analysts anticipate that Kelly Services will post 2.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.03%. The ex-dividend date is Tuesday, November 21st. Kelly Services’s payout ratio is presently 15.71%.
A number of research firms recently commented on KELYA. Zacks Investment Research upgraded shares of Kelly Services from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Tuesday. ValuEngine upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, BidaskClub cut shares of Kelly Services from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st.
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In other news, CEO George S. Corona sold 3,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $28.06, for a total transaction of $84,180.00. Following the completion of the sale, the chief executive officer now owns 193,473 shares of the company’s stock, valued at $5,428,852.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 13.30% of the stock is owned by corporate insiders.
About Kelly Services
Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).
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