Zacks: Brokerages Anticipate Kforce Inc. (NASDAQ:KFRC) to Announce $0.68 EPS

Equities analysts forecast that Kforce Inc. (NASDAQ:KFRC) will announce earnings of $0.68 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kforce’s earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.69. Kforce posted earnings of $0.65 per share during the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The business is expected to announce its next quarterly earnings report on Wednesday, February 5th.

According to Zacks, analysts expect that Kforce will report full year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $2.37 to $2.39. For the next year, analysts anticipate that the company will post earnings of $2.79 per share, with EPS estimates ranging from $2.71 to $2.85. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Kforce.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $345.60 million during the quarter, compared to the consensus estimate of $340.32 million. Kforce had a return on equity of 30.85% and a net margin of 9.71%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share.

A number of analysts have recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Kforce in a research report on Friday, September 20th. BidaskClub raised shares of Kforce from a “sell” rating to a “hold” rating in a research report on Wednesday.

In other news, Director Mark F. Furlong sold 3,363 shares of Kforce stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $40.00, for a total value of $134,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David M. Kelly sold 19,985 shares of Kforce stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $439.23, for a total value of $8,778,011.55. Over the last three months, insiders sold 45,524 shares of company stock worth $9,780,650. Insiders own 11.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in KFRC. Cutler Group LP increased its stake in Kforce by 200.0% during the 2nd quarter. Cutler Group LP now owns 2,400 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 1,600 shares in the last quarter. A.R.T. Advisors LLC raised its holdings in Kforce by 9.7% in the second quarter. A.R.T. Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $279,000 after buying an additional 700 shares during the last quarter. Zebra Capital Management LLC raised its holdings in Kforce by 12.1% in the second quarter. Zebra Capital Management LLC now owns 8,540 shares of the business services provider’s stock worth $300,000 after buying an additional 922 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake 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 buying an additional 391 shares in the last quarter. Finally, First Hawaiian Bank lifted its stake in shares of Kforce by 24.1% in the second quarter. First Hawaiian Bank now owns 11,960 shares of the business services provider’s stock worth $420,000 after buying an additional 2,320 shares in the last quarter. 85.17% of the stock is currently owned by institutional investors.

Shares of KFRC stock traded up $0.23 during mid-day trading on Friday, reaching $39.99. 1,919 shares of the company’s stock traded hands, 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 company has a market cap of $898.89 million, a P/E ratio of 17.20 and a beta of 1.20. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $39.62 and its 200-day moving average price is $36.24.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.80%. Kforce’s dividend payout ratio is currently 31.30%.

About Kforce

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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