Kforce (NASDAQ:KFRC) Issues Earnings Results, Beats Estimates By $0.14 EPS

Kforce (NASDAQ:KFRC) issued its quarterly earnings data on Monday. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.14, Briefing.com reports. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm had revenue of $357.75 million for the quarter, compared to the consensus estimate of $354.41 million. During the same period last year, the firm posted $0.63 EPS. Kforce’s quarterly revenue was up 7.6% compared to the same quarter last year.

Kforce Stock Performance

Shares of NASDAQ:KFRC traded down $0.11 during trading on Wednesday, hitting $56.75. 69,876 shares of the company were exchanged, compared to its average volume of 250,408. Kforce has a 52-week low of $24.49 and a 52-week high of $61.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market cap of $1.02 billion, a PE ratio of 21.19 and a beta of 0.90. The stock has a 50 day moving average of $53.46 and a 200 day moving average of $43.54.

Kforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, December 4th. Kforce’s payout ratio is currently 66.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Truist Financial increased their price objective on Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Robert W. Baird increased their price objective on Kforce from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, UBS Group lifted their price objective on shares of Kforce from $59.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Kforce currently has an average rating of “Hold” and an average price target of $63.00.

About Kforce

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.