Q3 2022 Earnings Forecast for Kforce Inc. (NASDAQ:KFRC) Issued By William Blair

Kforce Inc. (NASDAQ:KFRCGet Rating) – Investment analysts at William Blair dropped their Q3 2022 EPS estimates for Kforce in a research note issued to investors on Tuesday, May 3rd. William Blair analyst T. Mulrooney now expects that the business services provider will post earnings of $1.16 per share for the quarter, down from their previous estimate of $1.19. William Blair also issued estimates for Kforce’s Q4 2022 earnings at $1.10 EPS.

Several other equities research analysts have also recently commented on the company. StockNews.com assumed coverage on Kforce in a research note on Thursday, March 31st. They set a “buy” rating for the company. Truist Financial increased their price target on Kforce from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, February 8th. Finally, Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Thursday.

NASDAQ:KFRC opened at $73.06 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.53. Kforce has a twelve month low of $55.94 and a twelve month high of $81.47. The firm has a market capitalization of $1.56 billion, a PE ratio of 18.88 and a beta of 1.06. The stock’s 50-day simple moving average is $72.50 and its 200 day simple moving average is $72.61.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $1.20 annualized dividend and a yield of 1.64%. Kforce’s payout ratio is currently 31.01%.

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

Large investors have recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Kforce by 456.1% during the fourth quarter. IFP Advisors Inc now owns 367 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 301 shares in the last quarter. UMB Bank N A MO bought a new stake in Kforce in the fourth quarter worth $69,000. Koshinski Asset Management Inc. grew its stake in shares of Kforce by 134.5% in the fourth quarter. Koshinski Asset Management Inc. now owns 938 shares of the business services provider’s stock worth $71,000 after acquiring an additional 538 shares during the last quarter. Gladius Capital Management LP purchased a new stake in shares of Kforce in the fourth quarter worth $133,000. Finally, Heritage Wealth Management LLC increased its holdings in shares of Kforce by 24.3% during the third quarter. Heritage Wealth Management LLC now owns 2,202 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 430 shares in the last quarter. 87.40% of the stock is owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Kforce (NASDAQ:KFRC)

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