Brokerages expect that Kforce, Inc. (NASDAQ:KFRC) will announce earnings per share (EPS) of $0.46 for the current quarter, according to Zacks. Four analysts have made estimates for Kforce’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.47. Kforce posted earnings of $0.41 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.2%. The firm is scheduled to issue its next earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Kforce will report full year earnings of $1.56 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.65. For the next year, analysts expect that the company will report earnings of $1.72 per share, with EPS estimates ranging from $1.55 to $1.82. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Kforce.
Several analysts have recently issued reports on KFRC shares. Zacks Investment Research lowered shares of Kforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th. William Blair reiterated an “outperform” rating on shares of Kforce in a research note on Friday, February 24th. Credit Suisse Group lowered shares of Kforce from an “outperform” rating to a “neutral” rating and set a $25.00 target price for the company. in a research note on Friday, February 24th. They noted that the move was a valuation call. TheStreet lowered shares of Kforce from a “b-” rating to a “c+” rating in a research note on Wednesday, May 31st. Finally, ValuEngine lowered shares of Kforce from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have given 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 price target of $24.50.
In related news, COO Kye L. Mitchell sold 8,838 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $20.68, for a total transaction of $182,769.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David L. Dunkel sold 8,000 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $18.32, for a total transaction of $146,560.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,838 shares of company stock valued at $371,330. Company insiders own 13.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Old Mutual Global Investors UK Ltd. bought a new position in Kforce during the first quarter valued at $100,000. Dubuque Bank & Trust Co. bought a new position in Kforce during the first quarter valued at $226,000. TFS Capital LLC raised its position in Kforce by 13.8% in the first quarter. TFS Capital LLC now owns 10,964 shares of the business services provider’s stock valued at $260,000 after buying an additional 1,331 shares during the last quarter. Numeric Investors LLC raised its position in Kforce by 24.3% in the fourth quarter. Numeric Investors LLC now owns 12,800 shares of the business services provider’s stock valued at $296,000 after buying an additional 2,500 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Kforce by 40.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,758 shares of the business services provider’s stock valued at $318,000 after buying an additional 3,977 shares during the last quarter. Institutional investors own 77.71% of the company’s stock.
Shares of Kforce (NASDAQ KFRC) traded down 0.54% during mid-day trading on Thursday, reaching $18.55. 101,495 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $19.31 and its 200 day moving average price is $22.34. Kforce has a 52-week low of $15.78 and a 52-week high of $26.95. The company has a market cap of $468.07 million, a PE ratio of 13.77 and a beta of 1.53.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.59%. Kforce’s payout ratio is 35.82%.
Kforce Company Profile
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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