Northcoast Research Weighs in on Kforce Inc.’s Q1 2018 Earnings (KFRC)

Kforce Inc. (NASDAQ:KFRC) – Equities researchers at Northcoast Research issued their Q1 2018 EPS estimates for Kforce in a research report issued on Wednesday. Northcoast Research analyst J. Healy forecasts that the business services provider will earn $0.35 per share for the quarter. Northcoast Research has a “Buy” rating and a $33.00 price target on the stock. Northcoast Research also issued estimates for Kforce’s Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.60 EPS and FY2019 earnings at $2.40 EPS.

Several other equities research analysts have also recently weighed in on KFRC. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird upped their price objective on shares of Kforce from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday. Zacks Investment Research cut shares of Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut shares of Kforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, SunTrust Banks cut shares of Kforce from a “buy” rating to a “hold” rating and cut their price objective for the stock from $23.00 to $22.00 in a research report on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $26.57.

Shares of Kforce (NASDAQ:KFRC) opened at $24.85 on Thursday. Kforce has a 52-week low of $16.75 and a 52-week high of $27.30. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95. The firm has a market cap of $639.18, a PE ratio of 18.97 and a beta of 1.73.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Kforce had a net margin of 2.45% and a return on equity of 29.84%. The business had revenue of $342.60 million during the quarter, compared to analysts’ expectations of $340.02 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. Kforce’s revenue was up 5.1% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. increased its stake in shares of Kforce by 22.2% in the third quarter. Macquarie Group Ltd. now owns 1,387,703 shares of the business services provider’s stock valued at $28,032,000 after buying an additional 251,643 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Kforce by 483.3% in the second quarter. Public Employees Retirement System of Ohio now owns 115,096 shares of the business services provider’s stock valued at $2,256,000 after buying an additional 95,364 shares during the period. Investment Counselors of Maryland LLC increased its stake in shares of Kforce by 6.5% in the third quarter. Investment Counselors of Maryland LLC now owns 1,070,029 shares of the business services provider’s stock valued at $21,615,000 after buying an additional 65,258 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Kforce by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock valued at $28,138,000 after buying an additional 60,783 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Kforce by 12,863.4% in the fourth quarter. Acadian Asset Management LLC now owns 47,446 shares of the business services provider’s stock valued at $1,198,000 after buying an additional 47,080 shares during the period. 78.70% of the stock is owned by hedge funds and other institutional investors.

In other news, President Joseph J. Liberatore sold 21,380 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $27.15, for a total value of $580,467.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael R. Blackman sold 7,865 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $26.01, for a total transaction of $204,568.65. The disclosure for this sale can be found here. Insiders sold 67,437 shares of company stock valued at $1,786,277 in the last three months. Company insiders own 13.30% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.12 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.93%. Kforce’s dividend payout ratio (DPR) is currently 36.64%.

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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.

Earnings History and Estimates for Kforce (NASDAQ:KFRC)

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