Kforce (NASDAQ:KFRC) Issues Earnings Results

Kforce (NASDAQ:KFRC) announced its quarterly earnings results on Monday. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $357.75 million during the quarter, compared to the consensus estimate of $354.41 million. During the same quarter last year, the firm earned $0.63 EPS. The business’s revenue was up 7.6% compared to the same quarter last year.

Kforce Trading Up 0.7%

Shares of NASDAQ KFRC traded up $0.39 during midday trading on Wednesday, hitting $57.25. The stock had a trading volume of 110,039 shares, compared to its average volume of 250,586. Kforce has a 1-year low of $24.49 and a 1-year high of $61.75. The company has a fifty day moving average price of $53.46 and a 200 day moving average price of $43.54. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 21.37 and a beta of 0.90.

Kforce Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, December 4th. Kforce’s dividend payout ratio is presently 66.95%.

Analyst Ratings Changes

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