Kforce (NASDAQ:KFRC) posted its quarterly earnings data on Sunday. The business services provider reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.01), MarketWatch Earnings reports. The firm had revenue of $363.20 million during the quarter, compared to analysts’ expectations of $359.24 million. Kforce had a net margin of 3.77% and a return on equity of 32.56%. Kforce’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS.
Shares of NASDAQ KFRC traded up $4.40 during trading hours on Tuesday, reaching $61.78. The stock had a trading volume of 266,255 shares, compared to its average volume of 114,599. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 25.32 and a beta of 1.49. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.59. Kforce has a fifty-two week low of $25.73 and a fifty-two week high of $62.00. The firm has a 50-day moving average of $54.43 and a 200-day moving average of $46.24.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, June 11th will be given a $0.23 dividend. The ex-dividend date is Thursday, June 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.49%. Kforce’s dividend payout ratio (DPR) is presently 39.15%.
Several equities research analysts have weighed in on the company. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Monday, January 4th. Credit Suisse Group upped their price target on Kforce from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday. Truist upped their price target on Kforce from $48.00 to $55.00 in a report on Thursday, March 11th. Zacks Investment Research downgraded Kforce from a “buy” rating to a “hold” rating in a report on Wednesday, April 14th. Finally, Robert W. Baird upped their price target on Kforce from $53.00 to $66.00 and gave the stock an “outperform” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Kforce presently has a consensus rating of “Buy” and an average target price of $53.14.
In related news, Director Ralph Struzziero sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 24th. The stock was sold at an average price of $50.15, for a total value of $250,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffrey B. Hackman sold 3,000 shares of the company’s stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $46.93, for a total value of $140,790.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 176,840 shares of company stock valued at $9,493,145. Insiders own 10.80% of the company’s stock.
Kforce Company Profile
Kforce, Inc engages in the provision of professional and technical staffing services and solutions. It operates through the Technology and Finance and Accounting (FA) segments. The Technology segment offers services on areas of information technology such as systems and applications architecture and development, data management, business and artificial intelligence, machine learning, and network architecture and security.
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