Kforce, Inc. (NASDAQ:KFRC) – Equities researchers at William Blair issued their Q1 2018 earnings estimates for Kforce in a report issued on Tuesday, according to Zacks Investment Research. William Blair analyst T. Mchugh forecasts that the business services provider will earn $0.31 per share for the quarter. William Blair also issued estimates for Kforce’s Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.48 EPS and FY2019 earnings at $2.09 EPS.
Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The business had revenue of $341.05 million during the quarter, compared to analyst estimates of $340.67 million. During the same period in the previous year, the business earned $0.44 EPS. Kforce’s revenue was up .2% compared to the same quarter last year.
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Several other equities research analysts have also commented on KFRC. Robert W. Baird reissued a “buy” rating and set a $25.00 price objective on shares of Kforce in a research note on Friday, November 3rd. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. BidaskClub lowered shares of Kforce from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Finally, Deutsche Bank AG reduced their price target on shares of Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Kforce has a consensus rating of “Hold” and a consensus target price of $24.20.
Kforce (NASDAQ KFRC) traded down $0.05 during midday trading on Thursday, hitting $24.05. 93,200 shares of the stock were exchanged, compared to its average volume of 115,886. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market cap of $636.53, a P/E ratio of 16.25 and a beta of 1.57. Kforce has a 52 week low of $16.75 and a 52 week high of $26.95.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, December 7th. Kforce’s dividend payout ratio (DPR) is presently 33.57%.
In other Kforce news, CEO David L. Dunkel sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $23.90, for a total value of $406,300.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David M. Kelly sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $24.05, for a total value of $360,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 43,700 shares of company stock valued at $1,008,295 in the last ninety days. Corporate insiders own 13.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in shares of Kforce by 612.0% in the second quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock worth $105,000 after purchasing an additional 4,590 shares in the last quarter. FNY Managed Accounts LLC increased its holdings in shares of Kforce by 117.8% during the 2nd quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 2,945 shares during the last quarter. Aperio Group LLC acquired a new position in shares of Kforce during the 3rd quarter valued at about $216,000. Dubuque Bank & Trust Co. boosted its stake in Kforce by 22.7% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 11,665 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 2,158 shares during the period. Finally, AXA bought a new stake in Kforce during the 2nd quarter valued at approximately $261,000. 78.40% of the stock is owned by institutional investors.
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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