Kforce Stock Rating Lowered by TheStreet (KFRC)
Kforce (NASDAQ:KFRC) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Friday, Analyst Ratings News reports.
The analysts wrote, “Kforce (KFRC) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins.”
Kforce (NASDAQ:KFRC) traded down 0.47% during mid-day trading on Friday, hitting $21.30. The stock had a trading volume of 37,398 shares. Kforce has a 52-week low of $12.23 and a 52-week high of $21.71. The stock has a 50-day moving average of $19.53 and a 200-day moving average of $18.50. The company has a market cap of $699.2 million and a price-to-earnings ratio of 29.08.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. The company had revenue of $302.90 million for the quarter, compared to the consensus estimate of $301.12 million. During the same quarter last year, the company posted $0.24 earnings per share. Kforce’s revenue was up 12.3% compared to the same quarter last year. On average, analysts predict that Kforce will post $1.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%.
KFRC has been the subject of a number of other recent research reports. Analysts at Avondale Partners upgraded shares of Kforce from a “market perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $24.00 price target on the stock, up previously from $23.00. Analysts at Credit Suisse initiated coverage on shares of Kforce in a research note on Monday, December 16th. They set an “outperform” rating and a $25.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $21.23.
Kforce Inc (NASDAQ:KFRC) is a provider of professional and technical specialty staffing services and solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.