What is William Blair’s Estimate for Kforce FY2024 Earnings?

Kforce Inc. (NASDAQ:KFRC) – William Blair boosted their FY2024 earnings estimates for shares of Kforce in a research report issued to clients and investors on Tuesday, October 29th. William Blair analyst T. Romeo now forecasts that the business services provider will post earnings per share of $2.68 for the year, up from their previous forecast of $2.63. The consensus estimate for Kforce’s current full-year earnings is $2.70 per share.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $353.30 million for the quarter, compared to the consensus estimate of $352.19 million. Kforce had a return on equity of 34.89% and a net margin of 3.56%. Kforce’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share.

Several other equities analysts also recently weighed in on the stock. Truist Financial lowered their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday. StockNews.com downgraded shares of Kforce from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Sidoti raised Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.75.

Kforce Stock Down 1.0 %

KFRC stock opened at $57.79 on Thursday. The business’s 50-day moving average price is $60.24 and its 200-day moving average price is $62.33. The stock has a market cap of $1.12 billion, a P/E ratio of 19.93 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 twelve month low of $52.96 and a twelve month high of $74.79.

Institutional Trading of Kforce

Several hedge funds have recently bought and sold shares of KFRC. Blue Trust Inc. increased its holdings in shares of Kforce by 59.9% in the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after purchasing an additional 160 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in Kforce in the 3rd quarter worth approximately $30,000. nVerses Capital LLC raised its holdings in shares of Kforce by 50.0% during the 2nd quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock worth $56,000 after acquiring an additional 300 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Kforce during the 2nd quarter worth approximately $68,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Kforce by 96.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 643 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, December 6th. This represents a $1.52 annualized dividend and a yield of 2.63%. Kforce’s payout ratio is 52.41%.

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.