William Blair Analysts Raise Earnings Estimates for Kforce Inc. (KFRC)

Kforce Inc. (NASDAQ:KFRC) – Analysts at William Blair boosted their Q1 2018 EPS estimates for shares of Kforce in a research note issued on Tuesday. William Blair analyst T. Mchugh now expects that the business services provider will post earnings per share of $0.36 for the quarter, up from their previous estimate of $0.31. William Blair also issued estimates for Kforce’s Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.55 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.69 EPS, Q3 2019 earnings at $0.68 EPS and Q4 2019 earnings at $0.63 EPS.

Kforce (NASDAQ:KFRC) last issued its earnings results on Tuesday, February 6th. The business services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $340.02 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Kforce from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Saturday, February 3rd. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub downgraded Kforce from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 16th. Northcoast Research upgraded Kforce from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Finally, Robert W. Baird restated a “buy” rating and issued a $25.00 target price on shares of Kforce in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Kforce currently has a consensus rating of “Buy” and a consensus price target of $26.50.

Shares of Kforce (NASDAQ KFRC) opened at $24.45 on Thursday. Kforce has a one year low of $16.75 and a one year high of $27.30. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $657.71, a PE ratio of 15.83 and a beta of 1.73.

A number of hedge funds have recently modified their holdings of KFRC. Teacher Retirement System of Texas purchased a new position in Kforce during the fourth quarter worth approximately $209,000. Campbell & CO Investment Adviser LLC purchased a new position in Kforce during the third quarter worth approximately $213,000. Aperio Group LLC purchased a new position in Kforce during the third quarter worth approximately $216,000. Eqis Capital Management Inc. purchased a new position in Kforce during the fourth quarter worth approximately $259,000. Finally, Voya Investment Management LLC boosted its position in Kforce by 13.4% during the second quarter. Voya Investment Management LLC now owns 13,979 shares of the business services provider’s stock worth $274,000 after purchasing an additional 1,653 shares in the last quarter. Institutional investors own 78.70% of the company’s stock.

In other Kforce news, President Joseph J. Liberatore sold 21,380 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $27.15, for a total transaction of $580,467.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kye L. Mitchell sold 2,550 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $24.35, for a total value of $62,092.50. The disclosure for this sale can be found here. Insiders have sold 67,437 shares of company stock worth $1,786,277 in the last quarter. 13.30% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.96%. Kforce’s dividend payout ratio is currently 36.64%.

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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.

Earnings History and Estimates for Kforce (NASDAQ:KFRC)

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