Kforce, Inc. (KFRC) Set to Announce Quarterly Earnings on Monday
Kforce, Inc. (NASDAQ:KFRC) is set to issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Kforce has set its Q3 guidance at $0.44-0.47 EPS.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). The business had revenue of $340.31 million for the quarter, compared to analyst estimates of $345.24 million. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, analysts expect Kforce to post $1.51 EPS for the current fiscal year and $1.64 EPS for the next fiscal year.
Shares of Kforce, Inc. (NASDAQ:KFRC) traded up 0.25% during trading on Monday, hitting $20.20. The stock had a trading volume of 433 shares. Kforce, Inc. has a one year low of $15.95 and a one year high of $26.95. The stock has a market cap of $510.86 million, a price-to-earnings ratio of 14.72 and a beta of 1.59. The stock’s 50-day moving average price is $19.27 and its 200 day moving average price is $19.38.
A number of equities analysts have issued reports on the stock. SunTrust Banks, Inc. cut shares of Kforce from a “buy” rating to a “hold” rating and reduced their price objective for the company from $23.00 to $22.00 in a research note on Wednesday, October 11th. TheStreet raised shares of Kforce from a “c+” rating to a “b” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Kforce in a research note on Tuesday, September 12th. Finally, ValuEngine cut shares of Kforce from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $23.20.
In other Kforce news, COO Kye L. Mitchell sold 5,000 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $17.99, for a total value of $89,950.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 13.30% of the company’s stock.
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Kforce Company Profile
Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.
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