Kforce, Inc. (NASDAQ:KFRC) posted its quarterly earnings results on Tuesday. The business services provider reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45, Briefing.com reports. Kforce had a net margin of 2.71% and a return on equity of 29.67%. The company had revenue of $341.05 million during the quarter, compared to the consensus estimate of $340.67 million. During the same period last year, the firm earned $0.44 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Kforce updated its Q4 guidance to $0.42-0.44 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.29%. Kforce’s dividend payout ratio (DPR) is 33.57%.
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In related news, COO Kye L. Mitchell sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. 13.30% of the stock is owned by corporate insiders.
A number of equities research analysts have recently issued reports on KFRC shares. BidaskClub downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Deutsche Bank AG reduced their price target on shares of Kforce from $25.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. ValuEngine downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Robert W. Baird reiterated a “buy” rating and set a $20.00 price target on shares of Kforce in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $23.20.
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.
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