Kforce Given New $20.00 Price Target at Deutsche Bank (KFRC)
Research analysts at Deutsche Bank reduced their price target on shares of Kforce (NASDAQ:KFRC) from $22.00 to $20.00 in a report released on Wednesday. Deutsche Bank’s price objective points to a potential upside of 8.23% from the stock’s previous close.
Kforce (NASDAQ:KFRC) traded up 0.11% on Wednesday, hitting $18.50. 80,303 shares of the company’s stock traded hands. Kforce has a 52-week low of $16.19 and a 52-week high of $23.80. The stock’s 50-day moving average is $21.58 and its 200-day moving average is $21.27. The company has a market cap of $605.1 million and a P/E ratio of 34.61.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.01. The company had revenue of $327.40 million for the quarter, compared to the consensus estimate of $325.08 million. During the same quarter last year, the company posted $0.21 earnings per share. Kforce’s revenue was up 15.4% compared to the same quarter last year. Analysts expect that Kforce will post $1.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, September 10th.
Kforce Inc (NASDAQ:KFRC) is a provider of professional and technical specialty staffing services and solutions.
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