Kforce (KFRC) Scheduled to Post Earnings on Monday

Kforce (NASDAQ:KFRC) is scheduled to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Kforce has set its Q1 guidance at $0.54-0.62 EPS and its Q1 2024 guidance at 0.540-0.620 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. Kforce had a net margin of 3.99% and a return on equity of 38.24%. The company had revenue of $363.45 million for the quarter, compared to analysts’ expectations of $363.29 million. During the same quarter in the previous year, the company earned $0.93 earnings per share. Kforce’s quarterly revenue was down 13.4% on a year-over-year basis. On average, analysts expect Kforce to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Kforce Trading Up 1.2 %

NASDAQ KFRC opened at $63.56 on Monday. Kforce has a twelve month low of $50.89 and a twelve month high of $74.79. The firm has a market capitalization of $1.24 billion, a PE ratio of 20.31 and a beta of 0.85. The stock’s 50 day moving average is $68.55 and its 200 day moving average is $66.29. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.26.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.39%. This is an increase from Kforce’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, March 14th. Kforce’s dividend payout ratio is 48.56%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KFRC shares. Robert W. Baird increased their price objective on shares of Kforce from $62.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Truist Financial raised their price target on Kforce from $57.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Finally, StockNews.com cut shares of Kforce from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $68.33.

Hedge Funds Weigh In On Kforce

Several institutional investors and hedge funds have recently added to or reduced their stakes in KFRC. Bank of New York Mellon Corp raised its stake in Kforce by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 139,436 shares of the business services provider’s stock worth $10,315,000 after acquiring an additional 704 shares during the last quarter. US Bancorp DE boosted its position in Kforce by 4.8% during the first quarter. US Bancorp DE now owns 8,023 shares of the business services provider’s stock worth $593,000 after acquiring an additional 367 shares during the last quarter. Bank of Montreal Can grew its position in shares of Kforce by 0.7% in the first quarter. Bank of Montreal Can now owns 25,409 shares of the business services provider’s stock valued at $1,917,000 after purchasing an additional 184 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Kforce by 54.3% in the 1st quarter. MetLife Investment Management LLC now owns 11,075 shares of the business services provider’s stock valued at $819,000 after buying an additional 3,897 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Kforce by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 819,920 shares of the business services provider’s stock worth $60,651,000 after purchasing an additional 12,263 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Company Profile

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.