Kforce (KFRC) Earning Somewhat Critical News Coverage, Study Shows

Media headlines about Kforce (NASDAQ:KFRC) have been trending somewhat negative on Friday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kforce earned a media sentiment score of -0.06 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 92 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the immediate future.

Kforce (NASDAQ:KFRC) remained flat at $17.90 during mid-day trading on Friday. The company’s stock had a trading volume of 84,184 shares. Kforce has a 1-year low of $15.95 and a 1-year high of $26.95. The company has a market capitalization of $452.69 million, a P/E ratio of 13.05 and a beta of 1.54. The firm has a 50 day moving average of $19.01 and a 200 day moving average of $21.28.

Kforce (NASDAQ:KFRC) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.02. The firm 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%. Kforce’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, equities analysts predict that Kforce will post $1.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.48 dividend on an annualized basis and a yield of 2.68%. Kforce’s payout ratio is 35.04%.

KFRC has been the topic of a number of recent analyst reports. ValuEngine cut Kforce from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut Kforce from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research cut Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. TheStreet cut Kforce from a “b-” rating to a “c+” rating in a research note on Wednesday, May 31st. Finally, Deutsche Bank AG decreased their price target on Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.25.

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In other Kforce news, CEO David L. Dunkel sold 8,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $18.32, for a total value of $146,560.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 13.30% of the stock is owned by insiders.

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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