Brokerages Anticipate Kforce Inc. (KFRC) to Announce $0.36 EPS

Equities analysts forecast that Kforce Inc. (NASDAQ:KFRC) will post $0.36 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kforce’s earnings, with estimates ranging from $0.35 to $0.37. Kforce posted earnings of $0.23 per share during the same quarter last year, which suggests a positive year over year growth rate of 56.5%. The business is scheduled to issue its next quarterly earnings report on Tuesday, May 1st.

On average, analysts expect that Kforce will report full year earnings of $2.13 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.22. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.39 per share, with EPS estimates ranging from $2.24 to $2.64. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Kforce.

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

KFRC has been the subject of several recent research reports. Zacks Investment Research raised Kforce from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Saturday, February 3rd. ValuEngine raised Kforce from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub cut Kforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 16th. Northcoast Research raised Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Finally, Robert W. Baird restated a “buy” rating and issued a $25.00 price objective on shares of Kforce in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.50.

Kforce (KFRC) opened at $24.60 on Tuesday. Kforce has a 52-week low of $16.75 and a 52-week high of $27.30. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $643.16, a P/E ratio of 18.78 and a beta of 1.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.48 annualized dividend and a yield of 1.95%. Kforce’s dividend payout ratio is 36.64%.

In other Kforce news, Director Ralph Struzziero sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $25.85, for a total value of $116,325.00. Following the sale, the director now owns 50,764 shares in the company, valued at $1,312,249.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Joseph J. Liberatore sold 21,380 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $27.15, for a total value of $580,467.00. The disclosure for this sale can be found here. Insiders sold 64,887 shares of company stock worth $1,724,184 in the last 90 days. Corporate insiders own 13.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ramsey Quantitative Systems bought a new position in shares of Kforce during the fourth quarter worth approximately $111,000. Teacher Retirement System of Texas bought a new position in shares of Kforce during the fourth quarter worth approximately $209,000. FDx Advisors Inc. bought a new position in shares of Kforce during the fourth quarter worth approximately $218,000. Eqis Capital Management Inc. bought a new position in shares of Kforce during the fourth quarter worth approximately $259,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Kforce during the third quarter worth approximately $213,000. Institutional investors own 78.11% of the company’s stock.

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About Kforce

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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Earnings History and Estimates for Kforce (NASDAQ:KFRC)

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