Kforce Inc. (KFRC) Updates Q4 Earnings Guidance
Kforce Inc. (NASDAQ:KFRC) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.27-0.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28, AR Network reports. The company issued revenue guidance of $300-304 million, compared to the consensus revenue estimate of $292.32 million.
A number of research firms have recently commented on KFRC. Analysts at SunTrust raised their price target on shares of Kforce from $14.00 to $17.00 in a research note to investors on Thursday, August 1st. They now have a neutral rating on the stock. Analysts at Deutsche Bank raised their price target on shares of Kforce from $13.00 to $16.00 in a research note to investors on Thursday, August 1st. They now have a hold rating on the stock.
Shares of Kforce Inc. (NASDAQ:KFRC) traded down 0.40% during mid-day trading on Tuesday, hitting $17.33. 108,076 shares of the company’s stock traded hands. Kforce Inc. has a one year low of $10.66 and a one year high of $17.30. The stock’s 50-day moving average is $16.68 and its 200-day moving average is $15.47. The company has a market cap of $574.2 million and a P/E ratio of 24.10.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $299.65 million for the quarter, compared to the consensus estimate of $295.10 million. During the same quarter last year, the company posted $0.26 earnings per share. Kforce’s revenue was up 10.9% compared to the same quarter last year. On average, analysts predict that Kforce Inc. will post $0.84 earnings per share for the current fiscal year.
Kforce Inc (NASDAQ:KFRC) is a provider of professional and technical specialty staffing services and solutions.
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