Analysts Anticipate Kforce Inc. (NASDAQ:KFRC) Will Post Earnings of $0.98 Per Share

Wall Street brokerages predict that Kforce Inc. (NASDAQ:KFRC) will report earnings of $0.98 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Kforce’s earnings. The highest EPS estimate is $0.98 and the lowest is $0.97. Kforce reported earnings of $0.86 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 14%. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, February 7th.

According to Zacks, analysts expect that Kforce will report full year earnings of $3.55 per share for the current financial year, with EPS estimates ranging from $3.54 to $3.55. For the next financial year, analysts expect that the firm will post earnings of $3.85 per share, with EPS estimates ranging from $3.79 to $3.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Kforce.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Sunday, October 31st. The business services provider reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. The business had revenue of $402.80 million during the quarter, compared to analysts’ expectations of $388.32 million. Kforce had a net margin of 4.78% and a return on equity of 39.79%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS.

Several analysts have commented on the stock. Truist Securities lifted their target price on shares of Kforce from $62.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, November 3rd. Truist boosted their price objective on shares of Kforce from $62.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, November 3rd. Zacks Investment Research cut shares of Kforce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 5th. Finally, Robert W. Baird boosted their price objective on shares of Kforce from $68.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday, November 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Kforce presently has a consensus rating of “Hold” and an average price target of $69.40.

In other news, President Joseph J. Liberatore sold 34,000 shares of the business’s stock in a transaction dated Tuesday, December 28th. The shares were sold at an average price of $76.41, for a total value of $2,597,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David L. Dunkel sold 4,889 shares of the business’s stock in a transaction dated Thursday, November 4th. The stock was sold at an average price of $71.00, for a total transaction of $347,119.00. The disclosure for this sale can be found here. Insiders own 7.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of Kforce by 456.1% in the 4th quarter. IFP Advisors Inc now owns 367 shares of the business services provider’s stock worth $30,000 after purchasing an additional 301 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Kforce during the 2nd quarter valued at about $50,000. Koshinski Asset Management Inc. grew its position in shares of Kforce by 134.5% during the 4th quarter. Koshinski Asset Management Inc. now owns 938 shares of the business services provider’s stock valued at $71,000 after buying an additional 538 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Kforce by 26.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,770 shares of the business services provider’s stock valued at $111,000 after buying an additional 370 shares during the last quarter. Finally, Heritage Wealth Management LLC grew its position in shares of Kforce by 42.8% during the 2nd quarter. Heritage Wealth Management LLC now owns 1,772 shares of the business services provider’s stock valued at $111,000 after buying an additional 531 shares during the last quarter. 84.75% of the stock is owned by institutional investors.

KFRC stock traded down $0.75 during midday trading on Friday, hitting $71.52. The stock had a trading volume of 2,482 shares, compared to its average volume of 105,843. The firm has a market cap of $1.53 billion, a PE ratio of 20.79 and a beta of 1.14. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.44 and a quick ratio of 2.44. Kforce has a 12-month low of $42.19 and a 12-month high of $81.47. The company’s 50-day moving average price is $75.28 and its 200 day moving average price is $66.41.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 24th. Shareholders of record on Friday, December 10th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, December 9th. This represents a $1.04 dividend on an annualized basis and a yield of 1.45%. Kforce’s dividend payout ratio is currently 30.23%.

About Kforce

Kforce, Inc engages in the provision of professional and technical staffing services and solutions. It operates through the Technology and Finance and Accounting (FA) segments. The Technology segment offers services on areas of information technology such as systems and applications architecture and development, data management, business and artificial intelligence, machine learning, and network architecture and security.

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