$345.37 Million in Sales Expected for Kforce Inc. (KFRC) This Quarter

Equities analysts expect Kforce Inc. (NASDAQ:KFRC) to report sales of $345.37 million for the current quarter, Zacks reports. Three analysts have made estimates for Kforce’s earnings, with the highest sales estimate coming in at $345.97 million and the lowest estimate coming in at $345.03 million. Kforce posted sales of $333.99 million in the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The company is expected to issue its next earnings report on Tuesday, May 1st.

On average, analysts expect that Kforce will report full-year sales of $345.37 million for the current year, with estimates ranging from $1.40 billion to $1.42 billion. For the next financial year, analysts anticipate that the business will post sales of $1.48 billion per share, with estimates ranging from $1.45 billion to $1.49 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Kforce.

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

Several analysts have weighed in on the company. Robert W. Baird boosted their price objective on Kforce from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Northcoast Research reiterated a “buy” rating and issued a $33.00 price objective on shares of Kforce in a research report on Wednesday, February 7th. Zacks Investment Research downgraded Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub downgraded Kforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $26.50.

Shares of Kforce (NASDAQ KFRC) opened at $27.30 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95. Kforce has a 12-month low of $16.75 and a 12-month high of $27.52. The firm has a market capitalization of $700.06, a P/E ratio of 16.85 and a beta of 1.73.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.76%. Kforce’s dividend payout ratio (DPR) is presently 36.64%.

In other news, CEO David L. Dunkel sold 6,271 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $27.00, for a total transaction of $169,317.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Joseph J. Liberatore sold 21,380 shares of the business’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 have sold 80,794 shares of company stock worth $2,116,292 over the last three months. Insiders own 13.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its stake in Kforce by 27.5% in the fourth quarter. Millennium Management LLC now owns 310,255 shares of the business services provider’s stock worth $7,834,000 after purchasing an additional 66,858 shares during the period. Teachers Advisors LLC grew its stake in Kforce by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 133,814 shares of the business services provider’s stock worth $3,379,000 after purchasing an additional 3,872 shares during the period. Two Sigma Investments LP purchased a new stake in Kforce in the fourth quarter worth $1,049,000. Two Sigma Advisers LP grew its stake in Kforce by 16.9% in the fourth quarter. Two Sigma Advisers LP now owns 38,010 shares of the business services provider’s stock worth $960,000 after purchasing an additional 5,500 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Kforce by 77.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 20,496 shares of the business services provider’s stock worth $517,000 after purchasing an additional 8,952 shares during the period. 78.11% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for Kforce (NASDAQ:KFRC)

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