Kforce (KFRC) Updates Q4 Earnings Guidance

Kforce (NASDAQ:KFRC) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.56-0.58 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.59. The company issued revenue guidance of $349-354 million, compared to the consensus revenue estimate of $355.07 million.

Several equities analysts have recently commented on the company. Robert W. Baird reaffirmed a buy rating and issued a $45.00 target price on shares of Kforce in a research report on Thursday, August 2nd. ValuEngine downgraded Kforce from a buy rating to a hold rating in a research report on Thursday. BidaskClub downgraded Kforce from a buy rating to a hold rating in a research report on Tuesday, September 25th. Credit Suisse Group assumed coverage on Kforce in a research report on Friday, August 10th. They issued a neutral rating and a $38.00 target price on the stock. Finally, SunTrust Banks upped their target price on Kforce to $44.00 and gave the company a hold rating in a research report on Thursday, August 2nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $41.40.

Shares of NASDAQ:KFRC opened at $31.40 on Friday. The company has a market cap of $919.09 million, a P/E ratio of 20.00 and a beta of 1.64. Kforce has a 1 year low of $22.70 and a 1 year high of $43.51. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.77 and a current ratio of 2.77.

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 34.52% and a net margin of 3.00%. 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. On average, analysts anticipate that Kforce will post 2.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 6th. Kforce’s dividend payout ratio is currently 45.86%.

In related news, Director Ralph Struzziero sold 2,964 shares of the stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $36.55, for a total transaction of $108,334.20. Following the sale, the director now owns 32,571 shares of the company’s stock, valued at $1,190,470.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David L. Dunkel sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $42.50, for a total value of $1,062,500.00. The disclosure for this sale can be found here. Insiders have sold 84,801 shares of company stock worth $3,539,837 in the last three months. 13.30% of the stock is currently owned by company 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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Earnings History and Estimates for Kforce (NASDAQ:KFRC)

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