Equities analysts forecast that Kforce Inc. (NASDAQ:KFRC) will report earnings per share (EPS) of $0.36 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kforce’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.35. Kforce posted earnings of $0.23 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 56.5%. The firm is scheduled to announce its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Kforce will report full-year earnings of $2.13 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.22. For the next year, analysts anticipate that the firm will post earnings of $2.39 per share, with EPS estimates ranging from $2.24 to $2.64. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Kforce.
Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The business had revenue of $342.60 million for the quarter, compared to analysts’ expectations of $340.02 million. Kforce had a net margin of 2.45% and a return on equity of 29.84%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share.
Several analysts recently weighed in on the stock. Robert W. Baird lifted their price target on shares of Kforce from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Zacks Investment Research cut shares of Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Northcoast Research restated a “buy” rating and set a $33.00 target price on shares of Kforce in a report on Wednesday, February 7th. Finally, BidaskClub upgraded shares of Kforce from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $26.80.
Shares of Kforce stock opened at $28.40 on Monday. The firm has a market cap of $744.45, a price-to-earnings ratio of 21.68 and a beta of 1.58. Kforce has a fifty-two week low of $16.75 and a fifty-two week high of $29.35. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.89.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, March 8th. Kforce’s dividend payout ratio (DPR) is presently 36.64%.
In other news, CEO David L. Dunkel sold 6,271 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $27.00, for a total transaction of $169,317.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David L. Dunkel sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $29.01, for a total transaction of $290,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,094 shares of company stock worth $2,238,275. Company insiders own 13.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in Kforce by 5.2% in the 2nd quarter. State Street Corp now owns 521,416 shares of the business services provider’s stock worth $10,221,000 after purchasing an additional 25,748 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Kforce by 7.5% in the 3rd quarter. Nationwide Fund Advisors now owns 47,099 shares of the business services provider’s stock worth $951,000 after purchasing an additional 3,292 shares in the last quarter. First Trust Advisors LP bought a new position in Kforce in the 3rd quarter worth about $380,000. Aperio Group LLC bought a new position in Kforce in the 3rd quarter worth about $216,000. Finally, Bank of New York Mellon Corp boosted its stake in Kforce by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 224,510 shares of the business services provider’s stock worth $4,535,000 after purchasing an additional 2,948 shares in the last quarter. Hedge funds and other institutional investors own 79.55% of the company’s stock.
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Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.
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