Kforce Rating Lowered to Underperform at Zacks (KFRC)
Kforce (NASDAQ:KFRC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Friday. They currently have a $17.30 price target on the stock. Zacks‘s price target points to a potential downside of 7.39% from the company’s current price.
Kforce (NASDAQ:KFRC) traded up 2.52% during mid-day trading on Friday, hitting $18.68. 200,644 shares of the company’s stock traded hands. Kforce has a 1-year low of $16.19 and a 1-year high of $23.80. The stock’s 50-day moving average is $21.30 and its 200-day moving average is $21.21. The company has a market cap of $616.3 million and a P/E ratio of 34.12.
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. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts expect that Kforce will post $1.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, September 10th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Kforce in a research note on Wednesday. They now have a $25.00 price target on the stock, down previously from $28.00. Analysts at Deutsche Bank cut their price target on shares of Kforce from $22.00 to $20.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.72.
Kforce Inc (NASDAQ:KFRC) is a provider of professional and technical specialty staffing services and solutions.
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