Kforce, Inc. (NASDAQ:KFRC) announced a quarterly dividend on Friday, February 10th. Shareholders of record on Friday, March 10th will be given a dividend of 0.12 per share on Friday, March 24th. This represents a $0.48 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, March 8th.
Shares of Kforce (NASDAQ:KFRC) opened at 24.35 on Monday. Kforce has a 12-month low of $15.46 and a 12-month high of $26.95. The firm has a 50-day moving average of $22.93 and a 200 day moving average of $20.41. The firm has a market capitalization of $628.72 million, a price-to-earnings ratio of 19.53 and a beta of 1.52.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $326 million for the quarter, compared to analyst estimates of $327.25 million. Kforce had a net margin of 2.48% and a return on equity of 29.93%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. On average, equities research analysts expect that Kforce will post $1.60 earnings per share for the current year.
In related news, Director Gordon Tunstall sold 5,000 shares of the business’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $21.45, for a total transaction of $107,250.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert William Edmund sold 1,250 shares of the business’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $22.41, for a total transaction of $28,012.50. The disclosure for this sale can be found here. Insiders sold a total of 28,447 shares of company stock worth $655,491 in the last 90 days. Corporate insiders own 12.80% of the company’s stock.
Several equities research analysts recently issued reports on KFRC shares. Zacks Investment Research lowered shares of Kforce from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Deutsche Bank AG set a $19.00 target price on shares of Kforce and gave the stock a “hold” rating in a report on Tuesday, October 18th. Avondale Partners lowered shares of Kforce from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $23.00 to $26.00 in a report on Monday, December 19th. Finally, Griffin Securities lowered shares of Kforce from a “buy” rating to a “hold” rating in a report on Wednesday, February 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $23.50.
Kforce Inc is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), which provides both temporary staffing and permanent placement services to its clients, focusing primarily on areas of information technology, such as systems/applications, e-commerce, technology infrastructure, network architecture and security; Finance and Accounting (FA), which is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others, and Government Solutions (GS), which is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting.
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