Equities research analysts expect Kforce, Inc. (NASDAQ:KFRC) to post earnings per share of $0.39 for the current quarter, according to Zacks. Three analysts have made estimates for Kforce’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.43. Kforce reported earnings per share of $0.36 in the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The company is expected to issue its next quarterly earnings results on Tuesday, February 6th.
On average, analysts expect that Kforce will report full year earnings of $1.51 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.54. For the next financial year, analysts anticipate that the business will report earnings of $1.65 per share, with EPS estimates ranging from $1.55 to $1.74. Zacks’ EPS averages are an average based on a survey of research analysts that cover Kforce.
Kforce (NASDAQ:KFRC) last announced its earnings results on Tuesday, October 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $341.05 million for the quarter, compared to analysts’ expectations of $340.67 million. Kforce had a net margin of 2.64% and a return on equity of 29.67%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS.
KFRC has been the topic of several research reports. Zacks Investment Research raised shares of Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. downgraded shares of Kforce from a “buy” rating to a “hold” rating and decreased their price target for the stock from $23.00 to $22.00 in a research note on Wednesday, October 11th. BidaskClub downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, TheStreet raised shares of Kforce from a “c+” rating to a “b” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Kforce currently has an average rating of “Hold” and a consensus price target of $23.20.
In other Kforce news, COO Kye L. Mitchell sold 5,000 shares of Kforce stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $17.99, for a total transaction of $89,950.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.30% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its stake in Kforce by 612.0% during the second quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock worth $105,000 after purchasing an additional 4,590 shares during the period. FNY Managed Accounts LLC raised its stake in Kforce by 117.8% during the second quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock worth $106,000 after purchasing an additional 2,945 shares during the period. Aperio Group LLC purchased a new position in Kforce during the third quarter worth about $216,000. Dubuque Bank & Trust Co. raised its stake in Kforce by 22.7% during the second quarter. Dubuque Bank & Trust Co. now owns 11,665 shares of the business services provider’s stock worth $229,000 after purchasing an additional 2,158 shares during the period. Finally, AXA purchased a new position in Kforce during the second quarter worth about $261,000. 78.54% of the stock is currently owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Thursday, December 7th. Kforce’s dividend payout ratio (DPR) is presently 35.04%.
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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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