Media coverage about Kforce (NASDAQ:KFRC) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kforce earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 45.4254808153882 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research firms have recently commented on KFRC. Deutsche Bank AG lowered their target price on Kforce from $25.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. BidaskClub lowered Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. TheStreet raised Kforce from a “c+” rating to a “b” rating in a research report on Monday, October 2nd. SunTrust Banks, Inc. lowered Kforce from a “buy” rating to a “hold” rating and reduced their price objective for the company from $23.00 to $22.00 in a research report on Wednesday, October 11th. Finally, ValuEngine lowered Kforce from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.20.
Kforce (NASDAQ:KFRC) traded down 0.24% during trading on Friday, reaching $20.80. The company had a trading volume of 143,337 shares. The firm has a market capitalization of $526.03 million, a P/E ratio of 15.16 and a beta of 1.59. The stock has a 50 day moving average price of $19.43 and a 200 day moving average price of $19.32. Kforce has a 52 week low of $15.95 and a 52 week high of $26.95.
Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The business had revenue of $340.31 million during the quarter, compared to analyst estimates of $345.24 million. Kforce had a return on equity of 29.67% and a net margin of 2.64%. Kforce’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Analysts predict that Kforce will post $1.51 earnings per share for the current year.
In other Kforce news, COO Kye L. Mitchell sold 5,000 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $17.99, for a total transaction of $89,950.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.30% of the stock is currently owned by company insiders.
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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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