Kforce Inc. (KFRC) Expected to Announce Earnings of $0.57 Per Share

Equities research analysts expect that Kforce Inc. (NASDAQ:KFRC) will report $0.57 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 $0.56 to $0.58. Kforce reported earnings per share of $0.45 during the same quarter last year, which suggests a positive year over year growth rate of 26.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Kforce will report full year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.21 to $2.22. For the next year, analysts anticipate that the firm will report earnings of $2.53 per share, with EPS estimates ranging from $2.50 to $2.59. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Kforce.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The company had revenue of $355.45 million during the quarter, compared to the consensus estimate of $356.89 million. Kforce had a net margin of 3.40% and a return on equity of 36.45%. Kforce’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share.

Several brokerages have recently weighed in on KFRC. ValuEngine lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. BidaskClub raised shares of Kforce from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Credit Suisse Group began coverage on shares of Kforce in a research report on Friday, August 10th. They issued a “neutral” rating and a $38.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Saturday, August 4th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $41.40.

Shares of KFRC opened at $31.69 on Wednesday. The stock has a market capitalization of $810.89 million, a PE ratio of 14.74 and a beta of 1.73. Kforce has a fifty-two week low of $23.80 and a fifty-two week high of $43.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.66 and a current ratio of 2.66.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, December 6th. Kforce’s dividend payout ratio is 45.86%.

In related news, Director Gordon Tunstall sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $30.40, for a total transaction of $182,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard M. Cocchiaro sold 11,912 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $42.55, for a total transaction of $506,855.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,972 shares of company stock worth $1,712,546. 13.30% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Kforce by 7.5% during the third quarter. Vanguard Group Inc. now owns 2,262,431 shares of the business services provider’s stock worth $85,067,000 after acquiring an additional 157,652 shares during the period. Morgan Stanley increased its position in Kforce by 562.9% during the third quarter. Morgan Stanley now owns 410,861 shares of the business services provider’s stock worth $15,448,000 after acquiring an additional 348,886 shares during the period. AQR Capital Management LLC increased its position in Kforce by 68.4% during the third quarter. AQR Capital Management LLC now owns 578,423 shares of the business services provider’s stock worth $21,749,000 after acquiring an additional 234,919 shares during the period. IndexIQ Advisors LLC increased its position in Kforce by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 84,039 shares of the business services provider’s stock worth $3,160,000 after acquiring an additional 3,175 shares during the period. Finally, Mackenzie Financial Corp bought a new position in Kforce during the third quarter worth about $1,333,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.

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