Kforce (KFRC) Set to Announce Earnings on Monday

Kforce (NASDAQ:KFRC) is set to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Kforce to post earnings of $0.58 per share for the quarter. Kforce has set its Q1 guidance at $0.54-0.62 EPS and its Q1 2024 guidance at 0.540-0.620 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, February 5th. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The firm had revenue of $363.45 million during the quarter, compared to the consensus estimate of $363.29 million. Kforce had a return on equity of 38.24% and a net margin of 3.99%. The company’s revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. On average, analysts expect Kforce to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Kforce Stock Performance

NASDAQ:KFRC opened at $64.13 on Friday. The stock has a fifty day moving average price of $68.27 and a 200-day moving average price of $66.33. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 20.39 and a beta of 0.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.37 and a current ratio of 2.37. Kforce has a fifty-two week low of $50.89 and a fifty-two week high of $74.79.

Kforce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Kforce’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, March 14th. Kforce’s dividend payout ratio is presently 48.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KFRC shares. StockNews.com cut Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Robert W. Baird boosted their price target on Kforce from $62.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Finally, Truist Financial boosted their price target on Kforce from $57.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $68.33.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.