Kforce (KFRC) Set to Announce Earnings on Monday

Kforce (NASDAQ:KFRC) is set to issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Kforce has set its Q3 guidance at $0.65-0.73 EPS and its Q3 2024 guidance at 0.650-0.730 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The company had revenue of $356.32 million during the quarter, compared to the consensus estimate of $356.20 million. During the same period in the previous year, the firm posted $0.95 EPS. Kforce’s revenue was down 8.4% on a year-over-year basis. On average, analysts expect Kforce to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kforce Price Performance

KFRC stock opened at $55.58 on Monday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 19.23 and a beta of 0.87. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22. Kforce has a 52-week low of $55.15 and a 52-week high of $74.79. The stock’s fifty day simple moving average is $61.63 and its 200-day simple moving average is $62.96.

Kforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Friday, September 13th. Kforce’s dividend payout ratio (DPR) is 52.60%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KFRC shares. Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a report on Tuesday, October 15th. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Kforce has a consensus rating of “Moderate Buy” and a consensus target price of $68.75.

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.