Kforce, Inc. (KFRC) Forecasted to Post Q1 2018 Earnings of $0.31 Per Share
Kforce, Inc. (NASDAQ:KFRC) – Research analysts at William Blair issued their Q1 2018 earnings estimates for shares of Kforce in a note issued to investors on Tuesday. William Blair analyst T. Mchugh anticipates that the business services provider will post earnings of $0.31 per share for the quarter. William Blair also issued estimates for Kforce’s Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.48 EPS and FY2019 earnings at $2.09 EPS.
Several other research firms have also issued reports on KFRC. Zacks Investment Research lowered shares of Kforce from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. SunTrust Banks, Inc. lowered shares of Kforce from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $23.00 to $22.00 in a research report on Wednesday, October 11th. TheStreet raised shares of Kforce from a “c+” rating to a “b” rating in a research report on Monday, October 2nd. Finally, BidaskClub lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Kforce has an average rating of “Hold” and a consensus price target of $23.20.
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Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. Kforce had a net margin of 2.71% and a return on equity of 29.67%. The firm had revenue of $341.05 million during the quarter, compared to analysts’ expectations of $340.67 million. During the same quarter last year, the company posted $0.44 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in KFRC. Russell Investments Group Ltd. boosted its stake in shares of Kforce by 304.0% in the first quarter. Russell Investments Group Ltd. now owns 19,950 shares of the business services provider’s stock valued at $474,000 after purchasing an additional 15,012 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Kforce by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 76,375 shares of the business services provider’s stock valued at $1,814,000 after purchasing an additional 637 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Kforce by 18.3% in the first quarter. JPMorgan Chase & Co. now owns 97,958 shares of the business services provider’s stock valued at $2,327,000 after purchasing an additional 15,119 shares during the period. American International Group Inc. boosted its stake in shares of Kforce by 7.1% in the first quarter. American International Group Inc. now owns 15,103 shares of the business services provider’s stock valued at $359,000 after purchasing an additional 1,001 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Kforce by 31.3% in the first quarter. Teachers Advisors LLC now owns 415,407 shares of the business services provider’s stock valued at $9,866,000 after purchasing an additional 98,945 shares during the period. Institutional investors and hedge funds own 78.54% of the company’s stock.
In other 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 Securities & Exchange Commission, which is accessible through this hyperlink. 13.30% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 7th. Kforce’s payout ratio is currently 33.57%.
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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