Kforce Inc. (NASDAQ:KFRC) – Analysts at William Blair issued their Q2 2019 EPS estimates for Kforce in a note issued to investors on Wednesday, May 1st. William Blair analyst T. Mchugh anticipates that the business services provider will earn $0.65 per share for the quarter. William Blair also issued estimates for Kforce’s Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.68 EPS, FY2019 earnings at $2.38 EPS, Q1 2020 earnings at $0.47 EPS, Q2 2020 earnings at $0.77 EPS, Q3 2020 earnings at $0.79 EPS, Q4 2020 earnings at $0.78 EPS and FY2020 earnings at $2.80 EPS.
A number of other equities research analysts have also weighed in on the company. BidaskClub upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Finally, Zacks Investment Research upgraded Kforce from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.20.
Shares of KFRC stock opened at $36.20 on Monday. The firm has a market cap of $930.50 million, a P/E ratio of 15.74 and a beta of 1.31. Kforce has a twelve month low of $27.95 and a twelve month high of $43.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.75 and a current ratio of 2.75.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The firm had revenue of $326.70 million for the quarter, compared to the consensus estimate of $329.80 million. Kforce had a return on equity of 36.23% and a net margin of 5.41%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc lifted its holdings in Kforce by 7.5% during the 3rd quarter. Vanguard Group Inc now owns 2,262,431 shares of the business services provider’s stock worth $85,067,000 after buying an additional 157,652 shares during the period. Vanguard Group Inc. lifted its stake in shares of Kforce by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,262,431 shares of the business services provider’s stock valued at $85,067,000 after purchasing an additional 157,652 shares during the period. LSV Asset Management lifted its stake in shares of Kforce by 93.1% in the 4th quarter. LSV Asset Management now owns 640,139 shares of the business services provider’s stock valued at $19,793,000 after purchasing an additional 308,606 shares during the period. Tributary Capital Management LLC lifted its stake in shares of Kforce by 13.2% in the 1st quarter. Tributary Capital Management LLC now owns 528,362 shares of the business services provider’s stock valued at $18,556,000 after purchasing an additional 61,473 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Kforce by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 436,134 shares of the business services provider’s stock valued at $13,485,000 after purchasing an additional 29,569 shares during the period. 82.66% of the stock is currently owned by hedge funds and other institutional investors.
In other Kforce news, Director N John Simmons sold 2,500 shares of Kforce stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.97, for a total transaction of $89,925.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Kye L. Mitchell sold 17,513 shares of Kforce stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $36.30, for a total value of $635,721.90. The disclosure for this sale can be found here. 11.80% of the stock is currently owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, June 6th. Kforce’s payout ratio is presently 31.30%.
Kforce Company Profile
Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.
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