Kforce Inc. (NASDAQ:KFRC) – Analysts at William Blair increased their FY2018 earnings per share (EPS) estimates for Kforce in a report released on Tuesday. William Blair analyst T. Mchugh now forecasts that the business services provider will earn $2.13 per share for the year, up from their prior forecast of $1.83. William Blair also issued estimates for Kforce’s FY2019 earnings at $2.43 EPS.
Kforce (NASDAQ:KFRC) last issued its earnings results on Tuesday, February 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Kforce had a net margin of 2.45% and a return on equity of 29.84%. The company had revenue of $342.60 million for the quarter, compared to analysts’ expectations of $340.02 million. During the same period in the prior year, the business earned $0.36 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis.
Shares of Kforce (NASDAQ KFRC) traded down $0.20 during trading on Friday, reaching $24.25. 58,734 shares of the company’s stock traded hands, compared to its average volume of 92,720. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.91. Kforce has a one year low of $16.75 and a one year high of $27.30. The company has a market cap of $657.71, a PE ratio of 18.66 and a beta of 1.73.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, March 8th. Kforce’s payout ratio is currently 36.64%.
In other Kforce news, insider Kye L. Mitchell sold 2,550 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $24.35, for a total transaction of $62,092.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David L. Dunkel sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $26.50, for a total transaction of $39,750.00. The disclosure for this sale can be found here. Insiders sold a total of 67,437 shares of company stock valued at $1,786,277 over the last ninety days. 13.30% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its stake in shares of Kforce by 6.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 234,369 shares of the business services provider’s stock worth $4,594,000 after purchasing an additional 13,533 shares during the period. Wells Fargo & Company MN grew its stake in Kforce by 13.1% in the 2nd quarter. Wells Fargo & Company MN now owns 57,251 shares of the business services provider’s stock valued at $1,122,000 after acquiring an additional 6,632 shares during the period. Nationwide Fund Advisors boosted its stake in Kforce by 207.2% during the 2nd quarter. Nationwide Fund Advisors now owns 43,807 shares of the business services provider’s stock worth $859,000 after purchasing an additional 29,545 shares during the last quarter. Northern Trust Corp boosted its stake in Kforce by 0.4% during the 2nd quarter. Northern Trust Corp now owns 623,772 shares of the business services provider’s stock worth $12,226,000 after purchasing an additional 2,227 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Kforce by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock worth $40,517,000 after purchasing an additional 33,998 shares during the last quarter. 78.70% of the stock is owned by institutional investors.
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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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