Wall Street analysts forecast that Kforce Inc. (NASDAQ:KFRC) will report earnings per share (EPS) of $0.23 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Kforce’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.24. Kforce reported earnings per share of $0.24 in the same quarter last year, which suggests a negative year over year growth rate of 4.2%. The business is expected to issue its next earnings results before the market opens on Tuesday, May 2nd.
On average, analysts expect that Kforce will report full year earnings of $1.59 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.67. For the next financial year, analysts anticipate that the business will post earnings of $1.75 per share, with EPS estimates ranging from $1.55 to $1.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Kforce.
Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, February 7th. The business services provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. The business earned $326 million during the quarter, compared to analyst estimates of $327.25 million. Kforce had a return on equity of 29.93% and a net margin of 2.48%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS.
KFRC has been the subject of a number of research analyst reports. Avondale Partners raised shares of Kforce from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a report on Wednesday, February 8th. Zacks Investment Research cut shares of Kforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. William Blair reaffirmed an “outperform” rating on shares of Kforce in a report on Friday, February 24th. Credit Suisse Group AG cut shares of Kforce from an “outperform” rating to a “neutral” rating and set a $25.00 target price for the company. in a report on Friday, February 24th. They noted that the move was a valuation call. Finally, Griffin Securities cut shares of Kforce from a “buy” rating to a “hold” rating in a report on Wednesday, February 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Kforce currently has an average rating of “Hold” and a consensus price target of $24.50.
Kforce (NASDAQ:KFRC) traded down 1.09% during trading on Friday, hitting $22.65. The company’s stock had a trading volume of 113,358 shares. Kforce has a one year low of $15.78 and a one year high of $26.95. The company has a 50-day moving average of $23.51 and a 200 day moving average of $22.19. The firm has a market cap of $568.29 million, a PE ratio of 18.12 and a beta of 1.52.
The business also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were issued a $0.12 dividend. The ex-dividend date was Wednesday, March 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.12%. Kforce’s dividend payout ratio (DPR) is presently 38.40%.
In other Kforce news, COO Kye L. Mitchell sold 2,550 shares of the stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $23.87, for a total value of $60,868.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David M. Kelly sold 12,500 shares of the stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $24.53, for a total transaction of $306,625.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,307 shares of company stock valued at $892,640. 12.80% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in KFRC. Two Sigma Investments LP acquired a new stake in Kforce during the fourth quarter valued at approximately $356,000. Lombardia Capital Partners LLC acquired a new stake in Kforce during the third quarter valued at approximately $2,617,000. Menta Capital LLC raised its stake in Kforce by 24.5% in the fourth quarter. Menta Capital LLC now owns 115,396 shares of the business services provider’s stock valued at $2,666,000 after buying an additional 22,700 shares in the last quarter. Analytic Investors LLC acquired a new stake in Kforce during the third quarter valued at approximately $1,358,000. Finally, Paradigm Capital Management Inc. NY raised its stake in Kforce by 0.3% in the third quarter. Paradigm Capital Management Inc. NY now owns 136,450 shares of the business services provider’s stock valued at $2,796,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.
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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