Q2 2022 Earnings Estimate for Kforce Inc. Issued By William Blair (NASDAQ:KFRC)

Kforce Inc. (NASDAQ:KFRCGet Rating) – Equities researchers at William Blair lifted their Q2 2022 earnings per share estimates for shares of Kforce in a note issued to investors on Tuesday, May 3rd. William Blair analyst T. Mulrooney now anticipates that the business services provider will earn $1.18 per share for the quarter, up from their prior forecast of $1.14. William Blair also issued estimates for Kforce’s FY2022 earnings at $4.37 EPS and FY2023 earnings at $4.79 EPS.

A number of other equities research analysts also recently commented on the company. StockNews.com began coverage on Kforce in a report on Thursday, March 31st. They set a “buy” rating for the company. Truist Financial boosted their price objective on Kforce from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, February 8th. Finally, Zacks Investment Research upgraded Kforce from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Thursday.

KFRC opened at $74.82 on Thursday. Kforce has a 1 year low of $55.94 and a 1 year high of $81.47. The firm has a market capitalization of $1.60 billion, a PE ratio of 19.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.32 and a quick ratio of 2.32. The business’s 50-day moving average is $72.54 and its two-hundred day moving average is $72.61.

Kforce (NASDAQ:KFRCGet Rating) last released its earnings results on Monday, May 2nd. The business services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.18. Kforce had a return on equity of 43.09% and a net margin of 4.96%. During the same quarter in the prior year, the business earned $0.62 earnings per share.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Kforce by 0.6% during the third quarter. BlackRock Inc. now owns 2,216,160 shares of the business services provider’s stock worth $132,173,000 after purchasing an additional 13,832 shares during the last quarter. Acadian Asset Management LLC grew its position in Kforce by 5.2% during the fourth quarter. Acadian Asset Management LLC now owns 648,472 shares of the business services provider’s stock valued at $48,754,000 after acquiring an additional 32,110 shares during the period. State Street Corp lifted its stake in shares of Kforce by 1.3% during the fourth quarter. State Street Corp now owns 454,126 shares of the business services provider’s stock worth $34,159,000 after purchasing an additional 5,736 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Kforce by 12.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 265,557 shares of the business services provider’s stock worth $19,975,000 after purchasing an additional 29,144 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Kforce by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 262,560 shares of the business services provider’s stock worth $19,750,000 after purchasing an additional 7,134 shares in the last quarter. 87.40% of the stock is owned by institutional investors.

In other Kforce news, CFO David M. Kelly sold 417 shares of the stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $70.00, for a total transaction of $29,190.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David M. Kelly sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $75.44, for a total value of $377,200.00. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. Kforce’s dividend payout ratio is presently 31.01%.

About Kforce (Get Rating)

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.

Further Reading

Earnings History and Estimates for Kforce (NASDAQ:KFRC)

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