Kforce (NASDAQ:KFRC) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

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

Kforce Trading Down 0.0%

Shares of KFRC stock traded down $0.00 during trading hours on Monday, reaching $58.50. The company had a trading volume of 497,175 shares, compared to its average volume of 249,534. The company has a 50 day moving average of $53.38 and a 200 day moving average of $49.09. 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 firm has a market cap of $1.05 billion, a price-to-earnings ratio of 21.83 and a beta of 0.90. Kforce has a 1-year low of $24.49 and a 1-year high of $61.68.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group set a $59.00 price objective on Kforce in a research report on Tuesday, July 28th. Zacks Research cut Kforce from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Truist Financial upped their target price on shares of Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Finally, Robert W. Baird raised their target price on shares of Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.67.

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.