Kforce (NASDAQ:KFRC) Issues Earnings Results

Kforce (NASDAQ:KFRC) announced its quarterly earnings results on Monday. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06, Briefing.com reports. The firm had revenue of $353.30 million during the quarter, compared to analysts’ expectations of $352.19 million. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. Kforce updated its Q4 2024 guidance to 0.560-0.640 EPS.

Kforce Trading Up 3.1 %

Kforce stock traded up $1.75 during mid-day trading on Wednesday, hitting $58.81. 181,866 shares of the company’s stock were exchanged, compared to its average volume of 112,356. The firm has a market capitalization of $1.14 billion, a P/E ratio of 21.33 and a beta of 0.87. Kforce has a fifty-two week low of $52.96 and a fifty-two week high of $74.79. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22. The company’s 50 day simple moving average is $60.36 and its 200-day simple moving average is $62.36.

Kforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.58%. The ex-dividend date is Friday, December 6th. Kforce’s payout ratio is presently 56.51%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KFRC. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, October 15th. StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Truist Financial cut their price target on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Kforce has a consensus rating of “Moderate Buy” and a consensus target price of $65.75.

About Kforce

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.