Kforce, Inc. (NASDAQ:KFRC) to Post Q3 2017 Earnings of $0.46 Per Share, Northcoast Research Forecasts

Kforce, Inc. (NASDAQ:KFRC) – Equities research analysts at Northcoast Research decreased their Q3 2017 EPS estimates for shares of Kforce in a research note issued on Wednesday. Northcoast Research analyst J. Healy now forecasts that the business services provider will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.52.

Several other brokerages have also recently weighed in on KFRC. Zacks Investment Research cut Kforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. BidaskClub cut Kforce from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Deutsche Bank AG dropped their target price on Kforce from $25.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday. Finally, TheStreet cut Kforce from a “b-” rating to a “c+” rating in a report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Kforce currently has an average rating of “Hold” and a consensus price target of $25.25.

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Kforce (NASDAQ KFRC) opened at 18.40 on Thursday. Kforce has a 12 month low of $15.95 and a 12 month high of $26.95. The stock’s 50 day moving average price is $19.10 and its 200-day moving average price is $21.46. The company has a market capitalization of $464.29 million, a P/E ratio of 13.66 and a beta of 1.55.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.02. Kforce had a return on equity of 30.25% and a net margin of 2.64%. The company had revenue of $340.31 million for the quarter, compared to the consensus estimate of $345.24 million. During the same quarter last year, the business earned $0.41 earnings per share. Kforce’s revenue was up 1.6% compared to the same quarter last year.

Large investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new stake in Kforce during the fourth quarter valued at approximately $356,000. State Street Corp increased its stake in Kforce by 2.9% in the fourth quarter. State Street Corp now owns 488,886 shares of the business services provider’s stock valued at $11,293,000 after buying an additional 13,643 shares during the last quarter. Dubuque Bank & Trust Co. bought a new stake in Kforce during the first quarter valued at approximately $226,000. Tributary Capital Management LLC increased its stake in Kforce by 24.2% in the first quarter. Tributary Capital Management LLC now owns 620,837 shares of the business services provider’s stock valued at $14,745,000 after buying an additional 120,989 shares during the last quarter. Finally, KCG Holdings Inc. bought a new stake in Kforce during the first quarter valued at approximately $482,000. Institutional investors and hedge funds own 78.05% of the company’s stock.

In related news, CEO David L. Dunkel sold 8,000 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $18.32, for a total transaction of $146,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $182,769.84. The disclosure for this sale can be found here. Insiders have sold a total of 18,838 shares of company stock valued at $371,330 over the last 90 days. 13.30% of the stock is currently owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, September 7th. Kforce’s dividend payout ratio is presently 35.04%.

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.

Earnings History and Estimates for Kforce (NASDAQ:KFRC)

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