Kelly Services (NASDAQ:KELYA) Receives Daily News Impact Rating of 0.12

Press coverage about Kelly Services (NASDAQ:KELYA) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kelly Services earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.5276338999833 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Kelly Services (KELYA) traded up 0.73% during midday trading on Friday, hitting $21.37. 515,557 shares of the company were exchanged. Kelly Services has a 1-year low of $18.01 and a 1-year high of $24.70. The stock has a 50 day moving average of $22.45 and a 200 day moving average of $22.14. The firm has a market capitalization of $818.64 million, a PE ratio of 6.40 and a beta of 0.98.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Kelly Services had a net margin of 2.58% and a return on equity of 6.88%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. On average, equities analysts predict that Kelly Services will post $1.73 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, August 18th. Kelly Services’s payout ratio is currently 8.85%.

KELYA has been the topic of several research reports. Northcoast Research reiterated a “neutral” rating on shares of Kelly Services in a report on Friday, May 12th. Zacks Investment Research upgraded shares of Kelly Services from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, May 16th. ValuEngine upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Kelly Services from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th.

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In related news, Director Donald R. Parfet sold 22,029 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $23.10, for a total transaction of $508,869.90. Following the sale, the director now owns 23,520 shares of the company’s stock, valued at $543,312. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.10% of the company’s stock.

Kelly Services Company Profile

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).

Insider Buying and Selling by Quarter for Kelly Services (NASDAQ:KELYA)

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