Kforce (NASDAQ:KFRC) updated its third quarter 2020 After-Hours earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.82 for the period, compared to the Thomson Reuters consensus estimate of $0.76. The company issued revenue guidance of $362 million, compared to the consensus revenue estimate of $356.9 million.
Several equities research analysts recently weighed in on the company. BidaskClub upgraded Kforce from a sell rating to a hold rating in a report on Wednesday, August 12th. Sidoti lowered Kforce from a buy rating to a neutral rating and cut their price target for the stock from $35.00 to $33.00 in a report on Thursday, May 28th. Truist Financial upped their price target on Kforce from $30.00 to $35.00 in a report on Tuesday, August 11th. Zacks Investment Research upgraded Kforce from a hold rating to a strong-buy rating and set a $43.00 price target for the company in a report on Friday, August 14th. Finally, William Blair upgraded Kforce from a market perform rating to an outperform rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $34.83.
Shares of Kforce stock traded down $1.14 on Monday, hitting $32.67. The company had a trading volume of 4,250 shares, compared to its average volume of 150,228. The stock has a market capitalization of $748.85 million, a price-to-earnings ratio of 14.77 and a beta of 1.48. Kforce has a 1 year low of $20.60 and a 1 year high of $42.64. The stock has a 50 day moving average of $33.91 and a 200-day moving average of $29.91. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.76 and a current ratio of 2.76.
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Kforce (NASDAQ:KFRC) last released its earnings results on Monday, August 10th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The company had revenue of $343.02 million during the quarter, compared to analyst estimates of $313.79 million. Kforce had a return on equity of 29.96% and a net margin of 3.54%. Kforce’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. Equities analysts anticipate that Kforce will post 2.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, September 10th. Kforce’s dividend payout ratio (DPR) is 34.04%.
In other Kforce news, Director Ralph Struzziero sold 2,760 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $37.26, for a total transaction of $102,837.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.80% of the stock is currently owned by corporate insiders.
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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