Kforce Inc. (KFRC) Expected to Announce Earnings of $0.57 Per Share

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Analysts expect Kforce Inc. (NASDAQ:KFRC) to announce earnings of $0.57 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kforce’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.58. Kforce reported earnings per share of $0.45 during the same quarter last year, which would suggest a positive year over year growth rate of 26.7%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, February 6th.

On average, analysts expect that Kforce will report full-year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.21 to $2.22. For the next financial year, analysts anticipate that the company will report earnings of $2.53 per share, with EPS estimates ranging from $2.50 to $2.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Kforce.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). The company had revenue of $355.45 million for the quarter, compared to analyst estimates of $356.89 million. Kforce had a return on equity of 36.45% and a net margin of 3.40%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS.

A number of equities research analysts recently issued reports on the company. BidaskClub downgraded Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. ValuEngine downgraded Kforce from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.40.

In other Kforce news, insider Michael R. Blackman sold 9,335 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $29.90, for a total value of $279,116.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Kye L. Mitchell sold 5,770 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $32.34, for a total value of $186,601.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,309 shares of company stock worth $1,259,069. Company insiders own 12.50% of the company’s stock.

Several hedge funds have recently modified their holdings of KFRC. Zebra Capital Management LLC acquired a new stake in shares of Kforce in the 2nd quarter valued at $217,000. United Services Automobile Association acquired a new stake in shares of Kforce in the 3rd quarter valued at $223,000. Baird Financial Group Inc. acquired a new stake in shares of Kforce in the 2nd quarter valued at $226,000. Caxton Associates LP acquired a new stake in shares of Kforce in the 3rd quarter valued at $252,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Kforce in the 2nd quarter valued at $281,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:KFRC traded up $0.04 during trading hours on Friday, reaching $32.84. 80,500 shares of the company were exchanged, compared to its average volume of 125,431. The company has a market capitalization of $840.34 million, a P/E ratio of 20.92 and a beta of 1.51. Kforce has a 1-year low of $23.80 and a 1-year high of $43.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.66 and a quick ratio of 2.66.

The business also recently declared a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Friday, December 7th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, December 6th. Kforce’s dividend payout ratio is currently 45.86%.

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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