Kforce (KFRC) Set to Announce Earnings on Monday

Kforce (NASDAQ:KFRC) will be posting its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Kforce to post 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 released its quarterly earnings data on Monday, February 5th. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $363.45 million during the quarter, compared to the consensus estimate of $363.29 million. Kforce had a return on equity of 38.24% and a net margin of 3.99%. The firm’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. On average, analysts expect Kforce to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Kforce Stock Performance

KFRC stock opened at $64.13 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.37 and a quick ratio of 2.37. The business has a 50-day moving average price of $68.27 and a 200 day moving average price of $66.33. The company has a market capitalization of $1.25 billion, a P/E ratio of 20.39 and a beta of 0.85. Kforce has a 1-year low of $50.89 and a 1-year high of $74.79.

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 issued a $0.38 dividend. This is an increase from Kforce’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, March 14th. Kforce’s payout ratio is presently 48.56%.

Wall Street Analyst Weigh In

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

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.