Wall Street analysts forecast that Kforce Inc. (NASDAQ:KFRC) will post sales of $339.25 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Kforce’s earnings, with the lowest sales estimate coming in at $338.65 million and the highest estimate coming in at $339.70 million. Kforce posted sales of $357.98 million during the same quarter last year, which suggests a negative year over year growth rate of 5.2%. The firm is scheduled to report its next earnings report on Wednesday, February 5th.
On average, analysts expect that Kforce will report full-year sales of $1.35 billion for the current year. For the next financial year, analysts anticipate that the firm will post sales of $1.42 billion, with estimates ranging from $1.41 billion to $1.43 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Kforce.
Kforce (NASDAQ:KFRC) last released its earnings results on Wednesday, October 30th. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Kforce had a return on equity of 30.85% and a net margin of 9.71%. The firm had revenue of $345.60 million for the quarter, compared to the consensus estimate of $340.32 million. During the same quarter in the previous year, the company posted $0.64 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year.
KFRC has been the subject of a number of research analyst reports. BidaskClub raised Kforce from a “sell” rating to a “hold” rating in a research report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Kforce in a research note on Friday, September 20th.
In related news, Chairman David M. Kelly sold 19,985 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $439.23, for a total value of $8,778,011.55. Also, President Joseph J. Liberatore sold 8,001 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.91, for a total transaction of $327,320.91. The disclosure for this sale can be found here. Insiders sold a total of 45,524 shares of company stock valued at $9,780,650 in the last three months. Insiders own 11.80% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC increased its position in shares of Kforce by 4.4% in the second quarter. Cubist Systematic Strategies LLC now owns 9,323 shares of the business services provider’s stock worth $327,000 after acquiring an additional 391 shares in the last quarter. A.R.T. Advisors LLC boosted its stake in shares of Kforce by 9.7% during the 2nd quarter. A.R.T. Advisors LLC now owns 7,943 shares of the business services provider’s stock valued at $279,000 after buying an additional 700 shares during the period. Zebra Capital Management LLC grew its holdings in shares of Kforce by 12.1% during the 2nd quarter. Zebra Capital Management LLC now owns 8,540 shares of the business services provider’s stock valued at $300,000 after acquiring an additional 922 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Kforce by 0.4% during the 2nd quarter. Prudential Financial Inc. now owns 213,733 shares of the business services provider’s stock valued at $7,500,000 after acquiring an additional 925 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Kforce by 2.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 43,524 shares of the business services provider’s stock valued at $1,527,000 after acquiring an additional 1,044 shares in the last quarter. 85.17% of the stock is owned by institutional investors.
Shares of NASDAQ:KFRC traded up $0.23 during trading on Friday, reaching $39.99. 1,919 shares of the company were exchanged, compared to its average volume of 114,021. Kforce has a 12-month low of $27.95 and a 12-month high of $42.64. The firm has a market capitalization of $898.89 million, a PE ratio of 17.20 and a beta of 1.20. The business’s fifty day simple moving average is $39.62 and its 200-day simple moving average is $36.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.87 and a quick ratio of 2.87.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.80%. Kforce’s dividend payout ratio is presently 31.30%.
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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