Kforce Inc. (NASDAQ:KFRC) – Equities research analysts at William Blair increased their Q4 2018 earnings estimates for shares of Kforce in a report released on Wednesday, October 31st. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings of $0.56 per share for the quarter, up from their prior estimate of $0.55. William Blair also issued estimates for Kforce’s Q1 2019 earnings at $0.49 EPS, Q2 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.65 EPS and FY2019 earnings at $2.59 EPS.
A number of other research analysts have also weighed in on the stock. ValuEngine lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub raised shares of Kforce from a “sell” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group started coverage on shares of Kforce in a research report on Friday, August 10th. They set a “neutral” rating and a $38.00 price objective for the company. Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Saturday, August 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $45.00 price objective on shares of Kforce in a research report on Thursday, August 2nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.40.
Kforce stock traded up $0.78 on Friday, reaching $32.18. 1,138 shares of the stock were exchanged, compared to its average volume of 158,485. The firm has a market cap of $919.09 million, a price-to-earnings ratio of 20.50 and a beta of 1.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.77 and a quick ratio of 2.77. Kforce has a twelve month low of $22.70 and a twelve month high of $43.51.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data 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 business had revenue of $355.45 million during the quarter, compared to the consensus estimate of $356.89 million. Kforce had a return on equity of 34.52% and a net margin of 3.00%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.24%. Kforce’s payout ratio is 45.86%.
In other news, Director John Allred sold 1,000 shares of Kforce stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $42.95, for a total value of $42,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph Struzziero sold 2,964 shares of Kforce stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $36.55, for a total transaction of $108,334.20. Following the completion of the transaction, the director now directly owns 32,571 shares of the company’s stock, valued at approximately $1,190,470.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,801 shares of company stock worth $3,539,837. 13.30% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. boosted its holdings in shares of Kforce by 207.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 5,567 shares of the business services provider’s stock worth $191,000 after buying an additional 3,759 shares during the period. Zebra Capital Management LLC acquired a new position in shares of Kforce in the 2nd quarter valued at approximately $217,000. OLD National Bancorp IN acquired a new position in shares of Kforce in the 2nd quarter valued at approximately $222,000. Baird Financial Group Inc. acquired a new position in shares of Kforce in the 2nd quarter valued at approximately $226,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Kforce in the 2nd quarter valued at approximately $252,000. 79.18% of the stock is owned by institutional investors and hedge funds.
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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