SunTrust Banks Weighs in on Kforce, Inc.’s FY2017 Earnings (KFRC)

Kforce, Inc. (NASDAQ:KFRC) – SunTrust Banks dropped their FY2017 EPS estimates for Kforce in a report released on Tuesday. SunTrust Banks analyst T. Sommer now forecasts that the business services provider will earn $1.49 per share for the year, down from their prior forecast of $1.52. SunTrust Banks currently has a “Hold” rating and a $22.00 target price on the stock. SunTrust Banks also issued estimates for Kforce’s Q4 2017 earnings at $0.43 EPS, Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.49 EPS and FY2018 earnings at $1.76 EPS.

Other equities research analysts have also recently issued reports about the company. TheStreet raised Kforce from a “c+” rating to a “b” rating in a research note on Monday, October 2nd. ValuEngine raised Kforce from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Robert W. Baird reissued a “buy” rating and issued a $25.00 target price on shares of Kforce in a research note on Friday. Deutsche Bank AG lowered their target price on Kforce from $25.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Finally, BidaskClub cut Kforce from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Two 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. The company has a consensus rating of “Hold” and a consensus target price of $24.20.

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Shares of Kforce (NASDAQ:KFRC) opened at $23.25 on Thursday. The company has a quick ratio of 2.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.91. The company has a market cap of $624.63 million, a P/E ratio of 15.95 and a beta of 1.57.

Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $341.05 million during the quarter, compared to analysts’ expectations of $340.67 million. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.48 annualized dividend and a yield of 2.06%. Kforce’s dividend payout ratio is presently 33.57%.

In other Kforce news, COO Kye L. Mitchell sold 5,000 shares of Kforce stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $17.99, for a total transaction of $89,950.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 13.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Kforce by 1.7% in the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock valued at $40,517,000 after purchasing an additional 33,998 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 purchasing an additional 60,783 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Kforce by 16.9% in the second quarter. Macquarie Group Ltd. now owns 1,136,060 shares of the business services provider’s stock valued at $22,267,000 after purchasing an additional 164,268 shares in the last quarter. Investment Counselors of Maryland LLC lifted its holdings 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 purchasing an additional 65,258 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in shares of Kforce by 25.2% in the second quarter. Tributary Capital Management LLC now owns 777,037 shares of the business services provider’s stock valued at $15,230,000 after purchasing an additional 156,200 shares in the last quarter. Hedge funds and other institutional investors own 78.54% of the company’s stock.

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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